Whether Goods receipt is an Asset or liability?
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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 |
Definately the Goods receipt is an Asset for a Business.
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