Is inventory an asset or expense?
submitted by Owen Cash

slobberchops

it is both an asset and expense. its all about timing

T

Account

Peter

You own you inventory so it is an Asset!!

Justin

Asset

David Quoinah

Inventory is an asset.

Mom

It's can be either, depending on what you're working on.

nongcebo

can be an asset and also can be converted to cash so can be an expense