What is the order of Permanence?
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Assets which are to be used permanently in the business and are not meant to be sold are written first. Assets, which are most liquid such as cash in hand are written last.
Order of Permanence
| Liabilities | Assets |
| Capitl: Opening Balance Add: Net Profit Less: Drawings Loans Bank Overdraft Sundry Creditors Bills Payable | Goodwill Land and Buildings Plant and Machinery Furniture Investment Closing Stock Debtors Bills Receivable Cash at Bank Cash in Hand |
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