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what is the order in praparing the balance sheet, placing
of assets

Question Posted / mazahar

Answer Posted / mazahar

you can prepare a balance in vertical and horizontal way,
Asset = liability plus share holders equity

first arrange company assets in proper way

Current asset,

Cash
Bank
stock/inventory
supplies
short term investment
other current asset

Fixed Assets

Plant and Machinery
Land & Building
Furniture & Fixture
Vehicle
Long term Investment
other Fixed Asset

Patent,website, etc

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