answersLogoWhite

0

Why inventory is an asset?

Updated: 9/26/2023
User Avatar

Wiki User

7y ago

Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Why inventory is an asset?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is ending inventory asset or liability?

asset Inventory is a current asset so when the required inventory is utilized the remaining inventory still remain as asset and not become liability. For example inventory of $100 purchase to use for production which is our current asset. when inventory of $90 utilized the remaining $10 is still our current asset while $90 become expense for production of units.


Where can someone get asset inventory software?

Someone is able to get asset inventory software in several different online and retail locations including the following: BNA Asset Inventory Software, Asset Inventory Plus, and on IM Solutions.


What is difference between fixed asset and inventory?

What is the difference between fixed asset and inventory


Is Closing Inventory is it a current asset?

is closing inventory a current or non current asset


Is inventory a real or financial asset?

Inventory is a real asset for business for which company use in earning revenue for business.


Which is the least liquid asset?

inventory is our least liquid asset.


Explain inventory Management policies?

what is definition of inventory? what is the difference between inventory and asset?


Is inventory considered an asset?

Yes merchandise inventory is asset for business which company maintain for sale purpose and to earn revenue.


Inventory on a classified balance sheet?

Inventory is par to current asset at asset side in classified balance sheet as inventory is used within one fiscal year.


Is merchandise inventory considered an asset?

Yes merchandise inventory is asset for business which company maintain for sale purpose and to earn revenue.


Where is inventory is reported in financial statement?

Value of Inventory is an asset on the balance sheet.


What is inventory to asset ratio?

amount of your assets that are ties up in inventory, Inventory/Assets x 100