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

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

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Stuart · Answer 1 · 8/2/2011 10:56:14 AM

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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.

Aug 2nd, 2011 at 10:56 AM

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

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