Which one of the following arrangements represents the order of liquidity?
Cash, Bills Receivable, Stock, Debtors
Cash, Bills Receivable, Debtors, Stock
Cash, Stock, Bills Receivable, Debtors
Cash, Debtors, Bills Receivable, Stock

Cash, Bills Receivable, Stock, Debtors

Cash, Debtors, Bills Receivable, Stock

Cash, Bills Receivable, Debtors, Stock

Cash, Stock, Bills Receivable, Debtors

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The assets account of the relatively permanent nature would continue in the business for a longer time whereas the less permanent or more liquid accounts will change their forms in the near future and are likely to become cash or cash equivalent. the correct order of liquidity is: Cash, Bills receivables, Debtors, Stock.

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