Q.Distinguish between Grouping and Marshalling of the Balance Sheet, with one example of each.

Grouping combines similar items into one head; Marshalling decides the ORDER those grouped heads are listed in.

Grouping means placing assets or liabilities of a similar nature together under ONE head in the Balance Sheet, instead of listing every individual item separately — for example, every individual customer's outstanding balance is combined and shown as a single 'Sundry Debtors' figure, rather than listing each customer by name. …