wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Is inventory a fixed asset?


Open in App
Solution

An inventory is not a fixed asset, as inventories will be consumed by the business within a year to generate profits.

Also see:


flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Liquidity Ratios
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon