Our client has raised a doubt about the structure as shown the general balance sheet of Active and Pasive, we hope you can help us with it.
We have a customer who will work with the Italian plan account for this we are using the chart of accounts attached to the pack of professional localization of Italy, on account tree structure has drawn attention to its management of accounts within assets and liabilities, which follow the Spanish model which organizes two paragraphs of less liquidity to greater liquidity, for example in the active section is organized first placing immobilized accounts and after the most liquid accounts such as Bank and cash.
BANK / CASH
But our customer tell us that the organization of Italian account tree structure is as US model, which does just the opposite, first place most liquid accounts and finally the lower liquidity , in the case of Active section put first bank and cash accounts and then lastly the immobilized accounts.
The question is to know if it´s correct and complies with current legislation in Italy and the reasons for doing so.
Thank you so much.