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    • Question

      According to AS-13, an investment is treated as

      “current” if it is intended to be held for:
      A More than 12 months Correct Answer Incorrect Answer
      B Up to 6 months Correct Answer Incorrect Answer
      C Less than 3 months Correct Answer Incorrect Answer
      D Not more than 1 year Correct Answer Incorrect Answer
      E Less than 9 months Correct Answer Incorrect Answer

      Solution

      As per AS-13 (Accounting for Investments), a current investment is one intended to be held for not more than one year from the date of purchase.

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