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QUESTION 152 What do you mean by the term "cash and cash equivalent" as per AS 3? From the following information of XYZ
Posted: Mon Apr 25, 2022 7:26 am
by answerhappygod
- Question 152 What Do You Mean By The Term Cash And Cash Equivalent As Per As 3 From The Following Information Of Xyz 1 (67.99 KiB) Viewed 32 times
QUESTION 152 What do you mean by the term "cash and cash equivalent" as per AS 3? From the following information of XYZ Limited, calculate cash and cash equivalent as on 31-03-2019. Particulars Amount (5) Cash balance with Bank 10,000 Fixed Deposit created on 01-11-2018 and maturing on15-07-2019 75,000 Short Term Investment in highly liquid Sovereign Debt Mutual 1,00,000 fund made on 01-03-2019 (having maturity period of less than 3 months) Bank Balance in a Foreign Currency Account in India $1,000 (Conversion Rate: on the day of deposit 69/USD; * 70/USD as on 31-03-2019) Debentures purchased of * 10 lacs of A Ltd., which are 90,000 redeemable on 31st October,2019 Shares of Alpha Ltd. purchased on 1st January, 2019 60,000