How are asset accounts usually arranged in the balance sheet? Accounting How are asset accounts usually arranged in the balance sheet? Asset accounts are arranged on the balance sheet in accordance with their level of liquidity (those that can be most quickly converted to cash are listed first). Learn More : Share this Share on FacebookTweet on TwitterPlus on Google+ Learn More Multiple Choice Question :What does a double-entry bookkeeping system mean?Describe the differences between creditors and investors.To whom do the assets of a business belong?Name the accounting term used to describe a business's obligations to creditors.What is the accounting equation? Describe each of its three components.Who ultimately bears the risk and collects the rewards associated with operating a business?