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Please explain how Inventories can be considered as non current assets.
In Basics of balance sheet module-assets Mr.Binny considered inventory as non current assets .As per my knowledge it is current assets though it is not liquied assets.
Mar 31 2013 01:48 PM
good catch and I agree with you that the inventory can not be current asset. i checked BA, GE and they both account inventories as current asset. let Binny comments on this because he is an expert.
Mar 31 2013 06:57 PM
You are right, inventories is indeed a current asset. This is mistake we will fix in the video. Thanks for pointing this out.
Apr 01 2013 02:47 PM
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