Classified balance sheet

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Classified balance sheet is a balance sheet that categorizes assets as current assets or plant and equipment and groups liabilities as current or long-term liabilities.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Classified balance sheet. A balance sheet that categorizes assets as current assets or plant and equipment and groups liabilities as current or long-term liabilities.

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