📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    âš¡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug âš¡ Enroll Now

    Question

    Which of the following is not a financial asset in

    accordance with IND AS 109? 
    A Trade receivables Correct Answer Incorrect Answer
    B Investment in equity instruments Correct Answer Incorrect Answer
    C Loans receivable Correct Answer Incorrect Answer
    D Prepaid expenses Correct Answer Incorrect Answer
    E Cash Correct Answer Incorrect Answer

    Solution

    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. 

    Practice Next
    More Alternate Sources of Finance Questions
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call