Answer Posted / navjeet singh
inventory is goods produced by the company but being stored in the store room. means lying vacant not sold. inventory are current assets as they will fetch the company cash when sold.
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
Apportionment of expenses
HOW TO FILL PURCHASE RETURNS IN VAT 200,IF NOT PURCHASES THE PERIOD?
Tell me what do you believe makes a successful account executive?
How to show Airticket Expense on Company's A/c as Company expense
List of Indian accounting standards and international financial reporting standards
What is the abbreviation for the accounting terms debit and credit?
What are the most important goals of accounts receivable?
accounting principles, accounting concepts,meaning of managment and financial accounting and cost accounting.
What Is Responsibility Accounting?
Which kind of transactions are not recorded in the books of account?
How new/innavtive assets are to be treated under IFRS?
What are the 4 phases accounting?
sir , i am very confussing enrty for cash receipts in t code fbcj. do the effect on wbs element after selected wbs ?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
Can u please send me a set of accounting base questoin with answer,genraly ask by interviewer?