Accounting for IGCSE & O level - Final Statements (Section 10 - No. 25)

In a vertical statement of financial position, what is the purpose of Column 1?

To list the values of non-current assets.

To show the difference between current and non-current assets.

To list the individual values of assets, liabilities, and capital.

To show the final values of assets and liabilities.

Column 1 in a vertical statement of financial position lists the individual values of assets, liabilities, and capital.