what is
Marshalling?
Reply me on
this no.
9885789716
- 1 Answers
- 3627 Views
- I also Faced
- E-Mail Answers
Answer Posted / savi
Marshalling denotes the order in which assets and
liabilities are shown in the Balance Sheet. Items are
marshalled either in the way of liquidity or in the order of
permanence.
The order of liquidity means, the order in which assets can
be converted into cash. Cash being the most liquid item
shown as the first item and goodwill being the least liquid
item is shown as the least one. The liabilities are shown
in the order of discharge-ability, priority or urgency to
pay. the most urgent liability is shown first and the least
urgent to pay is shown last.
Under the order permanence, permanent assets and liabilities
are shown first followde by current assets and liabilities.
The order of permanence is just the reverse of the order of
liquidity.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
what are the direct expense of loan department in banks.
cheque deposit is a contra entry?
What does a demo/presentation need to be effective?
What is an Automatic Payment Program ?
what is your opinion regarding T.V shows on youth
Why you want to change???
What is entry of Dishonored cheque issued to supplier
Hey can any body tell me..What are negative assets?
where to show Preliminary expenses except "Statement of changes in working capital" in Fund flow statement?
What is account in accounting?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
How to group the companies in tally?
Tell us do you have any idea about service tax or excise?
What is Prepaid Entry
ABC LTD IMPORTED GOODS FROM USA FOR $20000 ON 1/1/11 AT A EXCHANGE RATE OF RS.47.55. THEY MADE A PAYMENT OF $12000 ON 15/1/11 AT A RATE OF RS.45.95. BALANCE PAYMENT WAS MADE ON 25/1/11 AT A RATE OF RS.49.10
