Question

Where in the statement of financial position would a business that trades in the sale of motor vehicles disclose the fleet truck it uses to deliver sold vehicles to customers?



A. Current assets: Property, plant and equipment
B. Current assets: Inventory
C. Current liabilities: Trade payables
D. Non-current assets: Property, plant and equipment
E. Current assets: Trade receivables

Answer 1

(E) Current assets: Trade recivable