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

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

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Inventory is a non-monetary item because it does not involve the exchange of cash or any other monetary asset. Accounts receivable, accounts payable, and cash are all monetary items as they represent actual cash or could be readily converted to cash.

Which of the Following Items Is a Non-Monetary Item