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Which account is the odd one out?

  • a)
    Office furniture & Equipment

  • b)
    Freehold land and Buildings

  • c)
    Inventory of materials

  • d)
    Plant and Machinery

Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which account is the odd one out?a)Office furniture & Equipmentb)F...

  • The odd one out is Inventory of materials because it is classified as a current asset, while the other accounts— Office furniture & Equipment, Freehold land and Buildings, and Plant and Machinery—are categorized as fixed assets or non-current assets, which are used in the long term for business operations.

  • Inventory of materials, on the other hand, is intended for sale or production in the near term.

This question is part of UPSC exam. View all Commerce courses
Most Upvoted Answer
Which account is the odd one out?a)Office furniture & Equipmentb)F...
B)Accounts payable
c)Inventory
d)Sales revenue

Answer: d)Sales revenue
Community Answer
Which account is the odd one out?a)Office furniture & Equipmentb)F...
Inventory of materials is odd one because it comes under the category of current assets... whereas all the other three are fixed assets..
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Which account is the odd one out?a)Office furniture & Equipmentb)Freehold land and Buildingsc)Inventory of materialsd)Plant and MachineryCorrect answer is option 'C'. Can you explain this answer?
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