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The inventory held by an organisation is its _ as it was purchased in the past?

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Question added by Sara Naeem , Trainee Finance officer , Wah Brass Mill
Date Posted: 2016/05/09
georgei assi
by georgei assi , مدير حسابات , المجموعة السورية

asset<<<<<<<<<<<<<<<<<<<<<

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Its depend upon substance of transaction.  If risk and reward of attached with inventory transferred then it is inventory of buyer otherwise liability. 

Jaishri Navani
by Jaishri Navani , Finance Manager , West Zone Fresh Supermarket LLC

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.

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

asset option " One "                     .

El-hussien Mohammed Mahmoud El-shafey
by El-hussien Mohammed Mahmoud El-shafey , Chief Accountant , Saudi Staffing Company (TAHEED)

 it's assets as far as my understanding of the question

Deleted user
by Deleted user

The inventory held by the organisation is its asset. It is recorded in Balance sheet as Closing Stock.

Tamer Elbeshbishy
by Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

If you mean the nature of the inventory in the financial statement, it is Assets Thank You 

Nitin Choudhary
by Nitin Choudhary , Assistant Manager - Planning & Inventory Management , Green Planet Industries

1. Asset. It is an asset for sure.

Rana Fahid Khan ACCA
by Rana Fahid Khan ACCA , Assistant Manager Finance , First Allied Trading Es

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.

Mahmoud Mohamed
by Mahmoud Mohamed , Chief Accountant , modern building technology

asset     >>>>>>>>......................................................................

I agree with answers the experts

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