As per AS -30 prepaid expenses are not financial instruments.

Related MCQs

• Prepaid expenses is an example of .
• In financial lease as per As-19 leased assets is shown in the Balanced sheet of--
• Earning per share is very important financial ratio is computed for assessing the state of --------------price of shares.
• A ---------- policy covers loss of stock, fixed asset, profit, expenses etc.
• The independent branches are autonomous as they are allowed to make their own purchases from open markers and pay for their expenses.
• Actual petty expenses paid by branch from petty cash are to br shown separately in Branch Account.
• Preliminary expenses is an example of
• Opening stock + purchases + direct expenses – closing stock =
• A-5 does not indicate the frequency of interim financial report.
• As per AS-19 …………nlease risk and reward is not transferred to the lessee.