Inventory
Goods held for sale or held to be used in production.
Inventory is a current asset because it is expected to turn into cash within the year, but it is less liquid than cash itself.
Taught In
See Also
3.7.A.2.ii
Goods held for sale or held to be used in production.
Inventory is a current asset because it is expected to turn into cash within the year, but it is less liquid than cash itself.
3.7.A.2.ii