The term 'Marshalling' in the context of a Balance Sheet means: MCQ with Answer and Explanation

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The term 'Marshalling' in the context of a Balance Sheet means:

A. Writing off bad debts

B. Arranging assets and liabilities in a specific order of liquidity or permanence

C. Totaling the assets and liabilities

D. Transferring net profit to capital

Answer: Option B

Solution (By JKSSB Mock Tests)

Marshalling refers to the logical sequencing of assets and liabilities to make the balance sheet easily readable and analytical.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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