Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Which of the following make raw material inventory debt?

A- purchasing raw materials and adding to raw material inventory B- transfer raw material from inventory to WIP C - sell finished products to customers D- impairment of inventory

user-image
Question added by Ahmed kandil , Cost Controller , Battour Holding Cpompany
Date Posted: 2015/04/02
Anas  Dawah
by Anas Dawah , Senior Internal Auditor , Talal Abu-Ghazaleh Global (TAGI)

A- purchasing raw materials and adding to raw material inventory

Huda Adam
by Huda Adam , Faculty of Commerce Graduate , Cairo University

Answer A

 

The more inventory added to the ones already available, the more debt is trapped within the inventory

Muhammad Ramzan Tufail  ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

(A) is the Correct Ans.

 

Can be explain on demand.... 

More Questions Like This