If a cell phone manufacturer received a spare parts shipment worth $30 million from its suppliers and is supposed to pay this amount in 30 days. Which items in the balance sheet is affected directly b

In this Question, when I am a mobile manufacturer, any spare part received should form part of stock and hence should affect current assets. Please explain how is it affecting Non-current assets

2 Answer(s)


You are right - Current Assets will be affected.
We will fix the quiz.


Both current assets and sundry creditors will affect the balance sheet. Is it true?