REPORTING OF ASSETS IN THE BALANCE SHEET

[imran Hasnain]

DEAR FRIENDS,

PLEASE TELL ME ABOUT THE REPORTING OF THE THE FOLLOWING ASSETS IN THE BALANCE SHEET.

INVENTORIES,
RECEIVABLES,
INVESTMENTS,AND
FIXED ASSETS,

BEST REGARDS,
IMRAN HASNAIN

[shahzada]

First Fixed Assets then investments then Inventories and lastly Receivables

[AbdulRahim]

It goes like this in Indian Format
FIXED ASSETS
INVESTMENTS
CURRENT ASSETS
Debtors
Inventories
Bank/Cash
Receivables

[accountant1]

FIXED ASSET IAS 1.51
INVESTMENT IAS 168 (e)

INVENTORIES IAS 168 (g)

RECEIVABLES IAS 168 (h)

[Abdur.Rehman]

The essense of this type of reporting is that the least liquid asset should be stated first. and in case of banks and financial institutions, the order is reverse,i.e. the most liquid is reported first.