Arrange the following in chronological order about assets as per liquidity order.
1. Debtors
2. Building
3. Cash
4. Stock
A. 2, 3, 1, 4
B. 3, 4, 1, 2
C. 1, 4, 2, 3
D. 3, 1, 4, 2
Answer: Option B
This Question Belongs to Commerce >> Accounting
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