'Accountants have placed stocks on the wrong side of the balance sheet. They are a liability, not...

Question:

'Accountants have placed on the wrong side of the balance sheet. They are a liability, not an asset.' Comment on this statement by a plant manager.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...