In Accounting whats the order of these on a spread sheet?
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I forgot a sheet that tells me the order. So could someone tell me the correct order for both assets and liabilities please? There is:
for:
Assets:
Bank
Land
A/R - Jones
Supplies
Office Equipment
Automobile
Building
Liabilities:
A/P - Smith
Bank Loan
Mortgage Payable
Thanks =]
In Accounting whats the order of these on a spread sheet?You need to know the due dates of payments before you can sort them according to liquidity. For e.g. must the bank loan be paid before the mortgage payable or vice versa? In the absence of more info, and sorting them in order of increasing liquidity, the order would be:
Assets
Land
Building
Automobile
Office equipment
AR - Jones
Supplies
Bank
Liabilities:
Mortgage Payable
Bank Loan
A/P - Smith
In Accounting whats the order of these on a spread sheet?bank , A/r , land, supplies, building , automobile , office equipment
a/p , mortgage payable , bank loan
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