Start learning →

A readily realisable investment made on 1 April is intended to be sold on 15 February next. It is:

Aan investment property
Ba long term investment
Ca plant or fixed asset
Da current investment
Answer & Solution
Correct answer: D. a current investment
The planned holding of under eleven months is within one year, so it is a current investment.
Practise this question with Quill — CA Inter →

Keep practising AS 13 Accounting for Investments

Browse all AS 13 Accounting for Investments questions for CA Inter, or explore more Accounting topics.

Start a AS 13 Accounting for Investments lesson →
Related questions