Whether Goods receipt is an Asset or liability?

Question Posted / karkera.swati

3 Answers
7216 Views
I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

Whether Goods receipt is an Asset or liability?..

Answer / mubarak

ya it is an asset

Is This Answer Correct ?

15 Yes

2 No

Whether Goods receipt is an Asset or liability?..

Answer / iqbal

Goods Receipt is an asset if whole remains ideal at the
time of balance sheet it will show the asset side of
balance sheet.If part of goods consumed balance will shown
as closing balance on B/S as CS

Is This Answer Correct ?

7 Yes

1 No

Whether Goods receipt is an Asset or liability?..

Answer / abhishek gupta

Definately the Goods receipt is an Asset for a Business.

Is This Answer Correct ?

0 Yes

0 No

Post New Answer

More Accounting General Interview Questions

how to pass entry in tally for Interest received on sweep credited to saving a/c? In what group it should be come

0 Answers

Foreign currency Valuation

2 Answers Accenture,

state (5) accounting concepts and give 1 example of each

0 Answers

how can i settle the party ac with cr & dr

0 Answers

Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?

0 Answers

entry for cheque bounce

6 Answers Wipro,

what is break even analysis ?

2 Answers TCS,

what is debit balance of p&l a/c show in asset side of b/s?

3 Answers Capital IQ, Sonali Bank,

Is financial accounting necessary?

0 Answers

What is purchase returns accounting

0 Answers

Hi Guys. Does anyone know any practising cost accountant in hyderabad? Pls help me. I would like to gain some practical experinence. Salary not an issue. Pls help me guys.

1 Answers

why we multiply no. of purchasing year with average profit

0 Answers

For more Accounting General Interview Questions Click Here