- This topic has 1 reply, 2 voices, and was last updated 9 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.
Interactive BPP books for September 2026 exams, recommended by OpenTuition.
Get discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Working capital practice question
Dear John,
I came across a practice question that took inventory days as a value of cost of sales value of £15m same as payable days, and not £27m as trade receivables?
I thought inventory was a current asset and should have been treated the same as receivables days not payable days?
I hope I have explained well enough
Many thanks
Inventory is certainly an asset.
However, it is valued at cost whereas receivables are valued at selling price.
