I asked this question just earlier and received an inadequate answer that was not thorough or complete. I need to know the exact order of Assets and how they are recorded. Example I know Current Assets are listed first in order of Liquidity. I though Long Term Assets were next. So now I am confused. I am pasting the answer the prior individual gave me. Please make any corrections and be as clear as possible with terminology and provide examples. So I need a complete list of how Assets are recorded what they are called and examples of each type of Asset."Yes, There is a proper order of listing assets, current assets comes first in the order of liquidity and the comes the long term investment, fixed assets, intangibles.Tangibles and intangles assets are covered under Long term assets."

Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter12: Auditing Long-lived Assets And Merger And Acquisition Activity
Section: Chapter Questions
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I asked this question just earlier and received an inadequate answer that was not thorough or complete. I need to know the exact order of Assets and how they are recorded. Example I know Current Assets are listed first in order of Liquidity. I though Long Term Assets were next. So now I am confused. I am pasting the answer the prior individual gave me. Please make any corrections and be as clear as possible with terminology and provide examples. So I need a complete list of how Assets are recorded what they are called and examples of each type of Asset.

"Yes, There is a proper order of listing assets, current assets comes first in the order of liquidity and the comes the long term investment, fixed assets, intangibles.
Tangibles and intangles assets are covered under Long term assets."

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