Poonawalla fincorps
Poonawalla fincorps

Accountancy

This query is : Resolved 
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(Querist)
04 April 2018 Why loose tools and spare parts are not included in inventory in current assets while calculating liquidity ration that is current ratio
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
04 April 2018 Because they cannot be converted into cash or cash equivalent so easily.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
05 April 2018 Full Inventory is not convertible in cash in a short duration/ within a few days so same is not included in quick assets
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