alleryStart learning →Cash equivalents under Ind AS 7 are:
AReceivables due within a month
BShort-term, highly liquid investments
CLong-term bonds held to maturity
DShares bought for short-term trading
Answer & Solution
Correct answer: B. Short-term, highly liquid investments
Cash equivalents must be quickly convertible to known cash amounts with an insignificant risk of value change.
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