18) Short term investments are Carried at
Cost
O Cost or market price whichever is lower
Market price
Fair value
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Short term investments are Carried at Market price.
Option (c) is correct.
Explanation:
- In business, a logical approach is made while making short term or long term investment.
- Both long term and short term investment s are the assets of a business.
- For example, If you are going to sell a product on the market, then you will check the current market price.
- Because the market price becomes relevant to your approach and it also helps you in the decision-making process.
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