Which of the Following Method of Ordering Is Normally Used

question 62

Multiple Choice

Which of the following method of ordering is normally used to present current liabilities on the statement of financial position?

• A) In alphabetical order
• B) In order of their magnitude
• C) In order of their liquidity (due date)
• D) In order of reverse liquidity

---

Definitions:

First Draft

The initial version of a document or piece of writing, before any revisions or edits have been made.

Revise

The act of re-examining and modifying something, such as a document or plan, to correct or improve it.

Concise

Expressing much in few words; clear and brief in communication.

Planning Stage

The initial phase where strategies and measures are devised before executing a project or activity.