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Q:

On a classified balance sheet, companies usually list current assets

A) in the order of acquisition. B) with the largest dollar amounts first.
C) in alphabetical order. D) in the order in which they are expected to be converted into cash.

Answer:   D) in the order in which they are expected to be converted into cash.



Explanation:
Subject: Business Awareness
Exam Prep: Bank Exams , CAT
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Business transaction are recorded

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A trial balance will not balance if

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Answer & Explanation Answer: A) Rs.500 cash payment to creditors is debited to creditors a/c for Rs.50 and credited to cash Rs.500.

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 In December 2017, as per the announcement made by the finance Ministry, nearly how much amount have banks lost on account of frauds in the fiscal 2016-17?

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Answer & Explanation Answer: C) Rs 17,000 crore

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An advantage of the corporate form of business is that

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