Question
……. Represent the units of currency held and assets
and liabilities to be received or paid in a fixed or determinable number of units of currency.Solution
Monetary items - units of currency held and assets and liabilities to be received or paid in a fixed or determinable number of units of currency. a. The essential feature of a monetary item is a right to receive (or an obligation to deliver) a fixed or determinable number of units of currency. Examples include: i. pensions and other employee benefits to be paid in cash; ii. provisions that are to be settled in cash; and cash dividends that are recognised as a liability
Select the word which means the same as the group of words given.
A solution for all difficulties or diseases
CATAPULTS
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