Which One of the Following Should Be Excluded from Inventories

question 176

Multiple Choice

Which one of the following should be excluded from inventories?

• A) Goods in transit to which title is held
• B) Shop worn goods saleable at a price lower than the regular sale price
• C) Goods out on consignment
• D) Goods held on consignment

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Definitions:

Current Flows

The movement of electric charge carriers, such as electrons, through a conductor.

Field Winding

Coils of wire (windings) placed on the field poles of a generator or motor that create a magnetic field when electric current flows through them.

Voltage Regulator

A device that controls the amount of current that is supplied to the field winding in an AC generator.

Current

The flow of electric charge through a conductor, measured in amperes, which is a fundamental concept in electricity and electronics.