Which of the following would not be regarded as a financial instrument?
A) cash.
B) bank overdraft.
C) notes payable.
D) equipment.

Question

Quizplus · Accepted Answer

Equipment is a physical asset and not a financial instrument. A financial instrument is a contract that gives rise to a financial asset to one enterprise and a financial liability or equity instrument to another enterprise. Cash, bank overdraft, and notes payable are all examples of financial instruments.

Which of the Following Would Not Be Regarded as a Financial