A cash instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.

An accounting instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.Select one:TrueFalse

IAS 32 classify as _________________: an instrument that is virtually certain to result in regular cash payments by the entity

Financial instrument is defined as a contract that gives rise to:An asset of one entityA liability of another entityA financial asset of one entityA financial liability of another  entityAnswer :i, ii   i, iii   ii, iiii   iii, iv

Application of the basic definitions in IAS 32 means that an instrument is an equity instrument only if the instrument includes no contractual obligation to deliver cash or another __________________ to another entity.

Which short-term (up to one year) instrument is issued by government as a means of financing it's cash requirements