alleryStart learning →A current investment is intended to be held for what period from the date it is made?
Aexactly five years
Bnot more than one year
Cat least two years
Dmore than three years
Answer & Solution
Correct answer: B. not more than one year
Besides being readily realisable, a current investment is meant to be held for one year or less.
Keep practising AS 13 Accounting for Investments
Browse all AS 13 Accounting for Investments questions for CA Inter, or explore more Accounting topics.
Related questions
Profits on disposal of current and long-term investments are shown:Statements classify fixed assets, investments and current assets into:A readily realisable investment is meant to be held for 18 months. It is:A readily realisable investment made on 1 April is intended to be sold on 15 February nextIf dividend cannot be allocated except arbitrarily, cost is cut only if it:Interest and rentals on investments are shown separately for:A significant restriction on selling an investment must be:Disclosure of investments must include the policies for determining: