Which of the following is not a financial asset?Answer :Receivables    Investments in convertible debts  Issue of convertible bonds    Investment in equity instruments

The option that is not a financial asset among the ones listed is: Issue of convertible bonds.

Here's why:

1. Receivables: These are definitely financial assets. They represent a legal obligation for the customer to pay cash for goods or services that have been provided.

2. Investments in convertible debts: These are also financial assets. Convertible debts are bonds that can be converted into a predetermined amount of the company's equity at certain times during its life, usually at the discretion of the bondholder.

3. Issue of convertible bonds: This is not a financial asset. Rather, it's a financial liability. When a company issues bonds, it is essentially borrowing money that it promises to repay at a certain time in the future. The company's obligation to repay the bondholders makes this a liability, not an asset.

4. Investment in equity instruments: These are financial assets. Equity instruments represent ownership interest in a company, such as that held by shareholders. A shareholder's claim on a portion of a company's assets and earnings is what makes these instruments financial assets.