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Interpretation of financial statment

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Interpretation of financial statment

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  • May 6, 2021 at 12:24 pm #619864
    ethan12
    Member
    • Topics: 1
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    Why does purchase of inventory in credit affect current liability more than it affect current asset?

    May 8, 2021 at 9:03 am #620022
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 7082
    • ☆☆☆☆☆

    Hi,

    It doesn’t change the value of the current liability more than it does the current asset, but it can have more of an impact on the current ratio.

    Thanks

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