Which of these is not a part of inventory ?

Work-in-progress

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Stores and spare parts

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Loose tools

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Office equipment

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Solution

The correct option is A Office equipment
Inventory may be classified as:

Inventory of Raw Material
Inventory of Finished Goods
Work In Progress

Office equipment is a fixed assets and to be shown under the heading Fixed Assets.

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Which of these is not a part of inventory ?

The correct option is A Office equipmentInventory may be classified as:Inventory of Raw MaterialInventory of Finished GoodsWork In ProgressOffice equipment is a fixed assets and to be shown under the heading Fixed Assets.

The correct option is A Office equipment
Inventory may be classified as:

Inventory of Raw Material
Inventory of Finished Goods
Work In Progress

Office equipment is a fixed assets and to be shown under the heading Fixed Assets.