Which of the following is not classified as inventory in the financial statements?

Related Mcqs:

Cash received from debtor is recorded in which of the following SPECIALIZED journals?

A. Purchase journal B. Sales journal C. Cash receipts D. Cash payments journal...

What is the basic accounting equation?

A. Capital+Liabilities=Assets B. Assets+ liabilities =Capital C. Capital+assets=liabilities D. Liabilities+Capital...

If unexpired insurance appears in the Trial Balance, it should be:

A. Credited to the Profit & Loss Account B. Debited to the Profit & Loss Account C. Shown on the liabilities side of the Balance Sheet D. Shown on the assets side of the Balance Sheet...

A Bill of Exchange is drawn on 1st April, 2018 payable after 3 months. The due date of the bill is?

A. 30th June,2018 B. 1st July,2018 C. 4th July,2018 D. 4th August,2018...

If the asset turnover and profit margin of a company are 1.85 and 0.35 respectively, the return on investment is.

A. 0.65 B. 0.35 C. 1.50 D. 5.29...