cash is normally listed a.last in the current assets section of the balance sheet. b.on the income statement. c.first in the current assets section of the balance sheet. d.first in the investment section of the balance sheet.



Answer :

Cash is normally listed in last in the current assets section of the balance sheet.

What is a balance sheet?

A balance sheet, also known as a statement of financial position or a statement of financial condition in financial accounting, is a summary of the financial health of an individual or an organization, along with a sole proprietorship, a business arrangement, a corporation, a private limited company, or other entities like the government or not-for-profit organizations. As of a particular date, such as the conclusion of its fiscal year, assets, liabilities, and ownership equity are listed. A balance sheet is frequently referred to as a "snapshot of a company's financial status". The balance sheet is the only one of the four fundamental financial statements that only applies at one particular point in a company's year.

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