Question

Which of the following is not a financial asset in accordance with IND AS 109?

Q: Answer-Which of the following is not a financial asset in accordance with IND AS 109?

Assets such as prepaid expenses for which the future economic benefit is the receipt of goods or services, rather than the right to receive cash or another financial asset, are not financial assets.

A Trade receivables

B Investment in equity instruments

C Loans receivable

D Prepaid expenses

E Cash

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Which of the following is not a financial asset in accordance with IND AS 109?

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