18 -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)12 Trade Receivables Account Group B)23 Other Receivables Account Group NS)22 Trade Receivables Account Group D)13 Other Receivables Account Group TO)24 Financial Fixed Assets Account Group

Answered: Which of the following accounts…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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18 -

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)	12 Trade Receivables Account Group

B)	23 Other Receivables Account Group

NS)	22 Trade Receivables Account Group

D)	13 Other Receivables Account Group

TO)	24 Financial Fixed Assets Account Group

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Financial Fixed Assets is basically includes loans and advances and securities held as fixed assets including participating interests and shareholdings in group undertakings shall be regarded as financial fixed assets.

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