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Which of the following assets is a monetary asset? a. Patent b. Land c. Inventory d. Accounts Receivable

MIS Auditing Financial Accounting IFRS Tally ERP
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Question added by Anil Lalwani , Chief Accountant , Al Ahli Hospital
Date Posted: 2016/10/14
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Abdullatif Mohamed
by Abdullatif Mohamed , Senior Accountant , Olaat Development

Accounts Receivable monetary asset based on Liquid or Quick Ratio. Inventory maybe there is dead stock. So it hard to convert to cash

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