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According to prescribed order of assets in a Company’s Balance Sheet ……………………… assets should be shown first of all.
Non-Current Assets
Current Assets
Current Investments
Loans and Advances
- Non-Current Assets: These are long-term assets like property, plant, and equipment. They are first in the order of assets on a balance sheet.
- Current Assets: These short-term assets include cash, accounts receivable, and inventory. They follow non-current assets on the balance sheet.
- Current Investments: Investments intended to be liquidated within a year. These are part of current assets.
- Loans and Advances: These are monetary resources lent to others, to be recovered over a period of time. They are considered non-current if they're due beyond a year.
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