A personal computer on sale in an office equipment shop is an example of
Question 1 Report
A personal computer on sale in an office equipment shop is an example of
Answer Details
A personal computer on sale in an office equipment shop is an example of stock. Stock refers to the goods or merchandise that a business holds for sale to its customers. In this case, the personal computer is not owned by the shop, but rather the shop is holding it in inventory to sell to a customer. Once the computer is sold, it will no longer be considered stock, but rather it will be considered a fixed asset for the customer who purchases it.
Download The App On Google Playstore
Everything you need to excel in your exams
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning