Which of the following items is a non-monetary item?
A)Cash
B)Accounts receivable
C)Inventory
D)Accounts payable

Name: Which of the following items is a non-monetary item? A)Cash B)Accounts receivable C)Inventory D)Accounts payable
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Question

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Inventory is a non-monetary item as it represents goods held for sale or production and cannot be easily converted to cash. Cash, accounts receivable, and accounts payable are all monetary items as they involve a specific amount of money owed or owned.

Which of the Following Items Is a Non-Monetary Item