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Which of the following is not classified as inventory in the financial statements?

(A) Finished goods
(B) Work-in-process
(C) Stores and spares
(D) Advance payments made to suppliers for raw materials

►Correct Option

Correct Option is: D

Accounting McqsAccounting Interview Questions, Accounting Mcqs, Accounting Questions, Cost accounting Mcqs, Financial Accounting Mcq

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