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Reserves and Surplus

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Question

According to the Companies Act, 2013, which of the following shall be treated as 'Current Investment'?

A

Investments in preference shares

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B

Investments in partnership firms

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C

Investment in Mutual Funds

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D

All of the above

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Solution

The correct option is B All of the above
Current investments are the investments which are purchased with the motive of liquidating within a year. Hence, investment in preference shares, partnership firms and mutual funds are considered as Current investments because they can be liquidated in a year.

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