Sorry someone may post it already, so account receivable is monetary, as well as account liability. But how about inventory and long-term debt, are they also monetary?
Inventory is not monetary.
Long term debt is monetary.
Sorry someone may post it already, so account receivable is monetary, as well as account liability. But how about inventory and long-term debt, are they also monetary?
Inventory is not monetary.
Long term debt is monetary.