Multiple Choice
Inventory is defined as goods held for resale in the ordinary course of business.Which of the following would not be included in inventory for any type of business?
A) Land held for resale
B) Cash at bank
C) Work in process
D) Computers
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: The accounting standards governing determination of the
Q10: Which statement relating to the determination of
Q14: Indigo Ltd uses the FIFO assumption with
Q17: Under IAS 2/AASB 102 the costing method
Q29: The ratio that indicates an entity's overall
Q32: Which of the following is a disadvantage
Q39: Which of the following information concerning inventory
Q47: How many of these are reasons for
Q57: Identify the statement relating to the lower
Q59: Which of these is not one of