Whether Goods receipt is an Asset or liability?

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Whether Goods receipt is an Asset or liability?..

Answer / mubarak

ya it is an asset

Is This Answer Correct ?

15 Yes

2 No

Whether Goods receipt is an Asset or liability?..

Answer / iqbal

Goods Receipt is an asset if whole remains ideal at the
time of balance sheet it will show the asset side of
balance sheet.If part of goods consumed balance will shown
as closing balance on B/S as CS

Is This Answer Correct ?

7 Yes

1 No

Whether Goods receipt is an Asset or liability?..

Answer / abhishek gupta

Definately the Goods receipt is an Asset for a Business.

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