9- Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ? a) 23 Other Receivables Account Group B) 24 Financial Fixed Assets Account Group NS) 13 Other Receivables Account Group D) 12 Trade Receivables Account Group
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Which of the following accounts includes securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business ?
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concept:
securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business are in nature of investments made and they will bring the crontractual cash flow in the future . it meets the definition of financial fixed assets and hence are recorded as financial fixed assets
correct answer is
- B) 24 financial fixed assets group :
The securities acquired for long-term purposes and capital shares acquired for the purpose of becoming a partner in another business meets the definition of financial assets and hence financial fixed assets group includes it.
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