Economics · Accounting Principles
According to standard financial accounting rules (such as Ind AS / IAS 7), short-term highly liquid financial instruments are categorized as 'Cash and Cash Equivalents' only if they possess a maturity period of:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Less than fifteen calendar days from issuance
- 2Exactly one year from the financial closing date
- 3Six months or less from the date of acquisition
- 4Three months or less from the date of acquisition✓
Correct answer
Three months or less from the date of acquisition
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