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Accountancy · 2023 · 1 mark
CBSE 2023 · Region 4 · Set 2 · Q27
Which of the following will result in flow of cash ?ORAn investment normally qualifies as cash equivalent only when it has a short maturity, of say, ________ from the date of acquisition.
OR
An investment normally qualifies as cash equivalent only when it has a short maturity, of say, ________ from the date of acquisition.Official answer
From CBSE’s own marking scheme for this paper.
(a) → (C)
(b) → (D)
Marking-scheme solution
(c)
$\displaystyle 30,000$ received from debtors
Q. (ii)An investment normally qualifies as ....................................
Ans.
(d)
Three months or less
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CBSE Class 12 Accountancy past-paper question from the 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.