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GAAP 2000 pp 391-414 | Cite as

Current assets

  • Ken Wild
  • Brian Creighton
  • Deloitte & Touche technical department

Abstract

Stocks is a main heading which should appear on the face of the balance sheet. The subheadings required, which may be shown either on the face of the balance sheet or in the notes to the accounts, are:
  1. (a)

    Raw materials and consumables;

     
  2. (b)

    Work in progress;

     
  3. (c)

    Finished goods and goods for resale;

     
  4. (d)

    Paymentson account.

     

Keywords

Balance Sheet Financial Asset Replacement Cost Disclosure Requirement Current Asset 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Deloitte & Touche 1999

Authors and Affiliations

  • Ken Wild
  • Brian Creighton
  • Deloitte & Touche technical department

There are no affiliations available

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