In a Balance Sheet,prepared Under IFRS Guidelines,cash Is Often Shown

question 178

True/False

In a balance sheet,prepared under IFRS guidelines,cash is often shown as one of the last assets listed.

---

Definitions:

Incompetent Person

Refers to an individual who is legally declared unable to handle their own affairs due to mental incapacity or illness.

Reasonable Value

The fair or market price of goods or services, considered to be a fair compensation in legal contexts.

Necessary Item

A good or service required for basic living or to fulfill certain legal obligations.

Necessary Item

Essential goods or services required for individuals to maintain their living standard or for businesses to operate efficiently.