Each side of the balance sheet lists accounts by levdof liquidity. Liquidity is the ability to convert an asset quickly to cash, or how quickly a liability is due. Accounts at the top of the balance sheet are highly liquid, and proceeding down the balance sheet, accounts become less liquid.\ However, accountants and financiers sometimes disagree about how to determine asset value and risk. The accounting view focuses on the historical asset value, or value, while the finance view focuses on the asset's value as an ongoing concern, called the value.

Each side of the balance sheet lists accounts by levefof liquidity. Liquidity is the ability to convert an asset quickly to cash, or how quickly a liability is due. Accounts at the top of the balance sheet are highly liquid, and proceeding down the balance sheet, accounts become less liquid. However, accountants and financiers sometimes disagree about how to determine asset value and risk. The accounting view focuses on the historical asset value, or value, while the finance view focuses on the asset's value as an ongoing concern, called the value