Which of the following investment is not included in cash equivalents ?
Treasury Bills, short-term Certificates of Deposit (CDs), and Commercial Paper (CPs) with a short maturity of up to 3 months from acquisition are all included in 'Cash…
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Which of the following investment is not included in cash equivalents ?
Answer and explanation
Correct answer D
Treasury Bills, short-term Certificates of Deposit (CDs), and Commercial Paper (CPs) with a short maturity of up to 3 months from acquisition are all included in 'Cash Equivalents' under AS-3; hence 'None of the above' is correct.
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RPSC School Lecturer (School Education)