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    Question

    The investments which by their nature are readily

    realizable and are intended to be held for less than a year from the date when such investment is done are known as __________
    A Long term investments Correct Answer Incorrect Answer
    B Short term investments Correct Answer Incorrect Answer
    C Current investments Correct Answer Incorrect Answer
    D Cash investments Correct Answer Incorrect Answer
    E Quick Investments Correct Answer Incorrect Answer

    Solution

    As per AS-13, current investments are investments which by their nature are readily realizable and are intended to be held for less than a year from the date when such investment is done. Long-Term are investments other than the current investments, even though they might be freely marketable.

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