New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Inventory is disclosed in financial statements

    under:
    A Fixed Assets Correct Answer Incorrect Answer
    B Current Assets Correct Answer Incorrect Answer
    C Current Liabilities Correct Answer Incorrect Answer
    D Contingent Assets Correct Answer Incorrect Answer

    Solution

    Inventory is expected to be converted into cash or consumed within a year and is thus classified as a Current Asset.

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