Final answer:
Current liabilities are listed on a balance sheet in order of maturity. The balance sheet features assets and liabilities and is essential in showing a business's financial position. The money under assets on a bank balance sheet may not be present due to asset-liability time mismatches and circulation outside of the bank.
Step-by-step explanation:
Current liabilities generally appear on a balance sheet in order of maturity. This means they are organized by how soon they need to be paid off, starting with the obligations that are due the soonest. The balance sheet is a crucial accounting tool that lists both assets and liabilities to portray the financial position of a business at a specific point in time.
On a bank balance sheet, the money listed under assets may not actually be in the bank due to the asset-liability time mismatch. This occurs because customers can withdraw a bank's liabilities, like deposits, in the short term, while loans, which are assets to the bank, are repaid over the long term. Also, coins and currency in circulation are not considered part of a bank's immediate assets, as they are not held by the bank itself but circulate among the public.