Which of the following assets MUST a retailing business have for daily operations?
A)Accounts receivable
B)Equipment
C)Prepaid insurance
D)Inventory

Question

Quizplus · Accepted Answer

Inventory is essential for daily retail operations as it is the stock of goods that a business sells to its customers. Without inventory, the business will not have any products to sell, resulting in the inability to generate revenue. While accounts receivable, equipment, and prepaid insurance are important assets, they are not necessarily required for daily operations.

Which of the Following Assets MUST a Retailing Business Have