Get App on

Play Store

Accounting Mcqs

Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be?

 (A)  Written down to zero or its scrap value

 (B)  Shown in the Balance Sheet at its replacement cost

 (C)  Shown in the Balance Sheet at cost, but classified as a non-current asset

 (D)  Carried in the accounting records at cost until it is sold

Submitted By :Ali Uppal


Share this... Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Whatsapp
Whatsapp

  • IF YOU THINK THAT ABOVE POSTED MCQ IS WRONG.

  • PLEASE COMMENT BELOW WITH CORRECT ANSWER AND ITS DETAIL EXPLANATION.

  • Related Mcqs


    Leave a Reply

    Your email address will not be published. Required fields are marked *