Financial assets and financial liabilitiesForums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Financial assets and financial liabilitiesThis topic has 3 replies, 2 voices, and was last updated 8 years ago by MikeLittle.Viewing 4 posts - 1 through 4 (of 4 total)AuthorPosts February 2, 2017 at 11:28 am #370744 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆Hi sir, financial assets can either be a equity or debt instrument .But financial liabilities can only be a debt instrument . It cannot be a equity instrument.Am i right sir ? February 2, 2017 at 12:00 pm #370750 MikeLittleKeymasterTopics: 27Replies: 23345☆☆☆☆☆Think about compound (mixed) instrumentsThese have an element of debt as well as an element of equity within themSo, no, financial liabilities can be either debt or equity February 2, 2017 at 1:20 pm #370762 Anuja NairMemberTopics: 365Replies: 353☆☆☆☆Oh yes. True. Okay thanks sir. February 2, 2017 at 1:24 pm #370764 MikeLittleKeymasterTopics: 27Replies: 23345☆☆☆☆☆You’re welcomeAuthorPostsViewing 4 posts - 1 through 4 (of 4 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In