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MODEL PAPER 2025 — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyMODEL PAPER 20251 Mark
MCQ
Which of the following statements is incorrect?
  • ✓
    Investments in shares are excluded from cash equivalents unless they are in substantial cash equivalents.
  • B
    Short-term marketable securities which can be readily converted into cash are treated as cash equivalents
  • C
    In case of a financial enterprise, interest received and dividend received are classified as operating activities while dividend paid and interest paid are financing activities.
  • D
    Dividend tax, i.e., tax paid on dividend should be classified as financing activity along with dividend paid.
✓

Answer

Correct option: A.
Investments in shares are excluded from cash equivalents unless they are in substantial cash equivalents.
A

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