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 Chapter Test Questions

The sponsor banks of RRBs are usually:
A high current ratio may sometimes indicate:
Which accounting concept assumes that a business will continue operating into the foreseeable future?
Which funding source is most likely to be used in the Late Stage (Pre-IPO) of the funding lifecycle?
When IRR equals the cost of capital, what will be the value of NPV?
Which of the following would be classified as an unsystematic risk?
Which bank pioneered the SHG-Bank linkage model?
The Reserve Bank of India (RBI) has proposed to extend the term-liquidity facility of Rs 50,000 crore offered to emergency health services till …………..
Which of the following category(s) is/are covered under Agriculture for which the banks can fulfil the criteria under Priority Sector lending? A.Farm cred...
Bank credit to NBFCs (including HFCs) for on-lending will be allowed up to what limit of an individual bank’s total priority sector lending in case of comm...

Relevant for Exams:

NPS Trust Grade A Offiicer

Hey! Ask a query

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

Detailed Solution

More Chapter Test Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login