02-05-2005, 10:26 AM
Thanx for the reply.[)]
Well the issue of classifying something as stock is, from philosophical perspective, only a semantic one.. its just another asset.[D]
However I agree that it does not meet the criteria of an asset.
NB. its sometimes the irony of a guy who cant get the hands to a copy of IAS/IFRS and still needs to advise [D]
http//s4.invisionfree.com/AccountingWorld/
Well the issue of classifying something as stock is, from philosophical perspective, only a semantic one.. its just another asset.[D]
However I agree that it does not meet the criteria of an asset.
NB. its sometimes the irony of a guy who cant get the hands to a copy of IAS/IFRS and still needs to advise [D]
http//s4.invisionfree.com/AccountingWorld/
