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Its depend upon substance of transaction. If risk and reward of attached with inventory transferred then it is inventory of buyer otherwise liability.
If you are making your financial statements for an organization, it can be hard to determine where you need to report accounts. Inventory is a balance sheet account and it is an asset. It is an asset because it is something your small organization will derive economic value from in the future. With inventory, it is important to remember that your ending inventory at your year's end is your beginning inventory for the next year. Your balance sheet shows your year-end results.
asset option " One " .
it's assets as far as my understanding of the question
The inventory held by the organisation is its asset. It is recorded in Balance sheet as Closing Stock.
If you mean the nature of the inventory in the financial statement, it is Assets Thank You
1. Asset. It is an asset for sure.
Inventory consists of Raw material, consumables in production process, finished goods, work in process, and inventory held fr re-sale the valuation and recording of inventory governed by IAS 2 Inventories.
Inventory held by an organisation is its Assets, and it will be treated as current asset because the intention of organisation is to sell within one year.
and every year company must measure the inventory at a lower of cost or net realisable value.
I agree with answers the experts
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