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متابعة

Which of the following items would you classify as cash or cash equivalents in line with IAS 7?

 

1. Petty cash, bank account balance, term deposit due in5 months, short-term investments readily convertible to cash which are subject to insignificant risk of changes in value.

 

2. Petty cash, bank account balance, term deposit due in5 months.

 

3. Petty cash, bank account balance, short-term investments readily convertible to cash which are subject to insignificant risk of changes in value.

 

4. Petty cash, bank account balance, term deposit, debentures convertible within6 months.

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تم إضافة السؤال من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
تاريخ النشر: 2016/01/11
Shahbaz Hayder
من قبل Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes, the correct answer is option no.3

Zaheer uddin Raja
من قبل Zaheer uddin Raja , Accounts Supervisor , Pakistan International Airlines

3.....................................is correct answer.

Madhu Soodanan K. G. Menon
من قبل Madhu Soodanan K. G. Menon , Financial Controller , Paras Properties Co. w.l.l.

My answer is option #3 belongs to the category cash/cash equivalents.

 

Saurabh Dugar
من قبل Saurabh Dugar , Derivative Trainee , Mansukh Securities and Finance Limited

3. Petty cash, bank account balance, short-term investments readily convertible to cash which are subject to insignificant risk of changes in value.

Shazia Anees
من قبل Shazia Anees , Assistant Manager Finance , Arham Trading Company

Answer no3.........................

Muhammad Zeeshan
من قبل Muhammad Zeeshan , Finance & Accounts Officer , Habib Bank Limited

Definitely option3 is the right answer. According to IAS, Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Feras Saleh
من قبل Feras Saleh , , Head of Reporting and Cost Controlling , Branch of Fcc Aqualia S.A

related to ias7 

Cash equivalents are short-term, highly liquid investments that are readily convertible to known

amounts of cash and which are subject to an insignificant risk of changes in value.

 

so as the term deposit time more than3 month so the best answer is 3. Petty cash, bank account balance, short-term investments readily convertible to cash which are subject to insignificant risk of changes in value.

 

 

Almutaz Bakry Sidahmed
من قبل Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

The answer is (3) >>>>>>>>>>>>>>>

Abdul Muhith Bolar
من قبل Abdul Muhith Bolar , Sr. Managerial Accountant , Public Works Authority - Ashghal

Option3 is the right answer

Ahmed Mohamed Nazzer Morsy
من قبل Ahmed Mohamed Nazzer Morsy , Accountant , Red Carpet Restaurant

IAS7 Statement of Cash Flows requires an entity to present a statement of cash flows as an integral part of its primary financial statements. Cash flows are classified and presented into operating activities (either using the 'direct' or 'indirect' method), investing activities or financing activities, with the latter two categories generally presented on a gross basis.

IAS7 was reissued in December, retitled in September, and is operative for financial statements covering periods beginning on or after1 January.