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



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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)


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

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

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