state the classified balance sheetassetscurrent, Accounting Basics

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state the classified balance sheetassetscurrent

State the classified balance sheet

ASSETS

Current Assets are cash and any other assets which are expected to be realized in cash, sold, used up or expire within one year. These are listed on balance sheet according to their liquidity. Plant Assets are assets which are expected to be used in the business for longer than one year.

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Accounting Basics: state the classified balance sheetassetscurrent

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