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


    Question

    As per prevailing accounting standards, financial

    instruments classified as "Held for Trading" typically imply that such assets are intended to be held for what maximum duration?
    A Less than one year Correct Answer Incorrect Answer
    B One to three years Correct Answer Incorrect Answer
    C Three to five years Correct Answer Incorrect Answer
    D More than five years Correct Answer Incorrect Answer
    E Indefinite period Correct Answer Incorrect Answer

    Solution

    Held-for-trading instruments are short-term in nature, intended to be sold within 12 months, and are marked to market.

    Practice Next

    Relevant for Exams:

    ask-question