Question

1. Which of the following is NOT a financial asset? *
O Equity shares
O Preference shares
O Debentures
O Gold​

Answer 1

Answer:

not financial asset is gold

Answer 2

Which of the following is NOT a financial asset? *

O Equity shares

O Preference shares

O Debentures

O Gold

The correct answer is :

O Gold

Explanation :

Gold​ is NOT a financial asset.

Gold is a tangible asset, whereas equity shares, preference shares and debentures are all intangible assets. Therefore gold is not a financial asset.

Financial assets are intangible, so they have no physical presence except for the existence of a document that represents the ownership interest held in the asset. It requires that papers and certificates representing these financial assets have no intrinsic value unless it is converted into cash.

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