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

Practice Next

More Alternate Sources of Finance Questions

Pradhan Mantri Shram Yogi Maan-Dhan Yojana assures a minimum assured pension of ________ upon attaining the age of 60 years.
Which of the following is/are part of Staffing Function?
What is the minimum pension amount per month for employees with at least 10 years of service , under the newly notified Unified Pension Scheme (UPS) which...
What will be the quick ratio of the company as per above information?
What is the maximum subsidy amount provided under the Credit Linked Capital Subsidy component of the MSE-SPICE scheme for projects costing more than ₹50 la...
Share split transactions involves the …….. of issued shares of a company into a ………. number of shares without any further consideration from the shareholde...
The lower a manager is in the organisational hierarchy, the more important his/her _______ skills are
During 2021, ZXC Ltd reported a net income of Rs115,600 and had 200,000 shares of common stock and 1000 preferred stock outstanding for the entire year. Pr...
The transactional leadership looks at the relation between a leader and subordinate as a transaction of rewards which the followers receive for their comp...
As per the RBI’s revised directions, what is the minimum CRAR required for a UCB to be classified as "Financially Sound and Well Managed (FSWM)"?

Hey! Ask a query

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

Detailed Solution

More Alternate Sources of Finance Questions

Hey! Ask a query

Please Register/Login