Answers » Categories » Accounting

Amounts due on stocks purchased- is it an asset or liab?

July 13, 2011


0
1 Report

1 Answer

0 
Amounts due on stocks purchased are liabilities, because they are obligations that are to be satisfied, just like amounts due to suppliers relating to the purchase of goods and services.

Answer this question

by Anonymous - Already have an account? Login now!
Your Name:  

Your Answer:  
Source(s): (optional)

Enter the text you see in the image below
What do you see?
Can't read the image? View a new one.
Your answer will appear after being approved.

Ask your own question