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The correct order of liquidity is
Question 1
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The correct order of liquidity is
stock, debtors, prepayments and cash
cash, payments, debtors and stock
stock, cash, debtors and preyaments
debtors, stock, cash and prepayments
Answer Details
Read lesson note on Stock Valuation (JAMB)
Read lesson note on Cashbook (JAMB)
Stock Valuation
Cashbook
View Answer