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


0
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)


0

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

0

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

Your Answer

Click on this code-snippet-icon icon to add code snippet.

Upload Files (Maximum image file size - 1.5 MB, other file size - 10 MB, total size - not more than 50 MB)

Email
Password