Financial assets

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November 25, 2015 at 6:57 am #285076
eyre
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I had a question- I do understand how the right to receive cash is a financial asset but I don’t understand how cash itself is a financial asset?
If it is a financial asset then what liability would it have created? Because even in a loan a debtor( right to receive cash) would be created and a corresponding liability to deliver cash would be created.
November 25, 2015 at 8:25 am #285101
MikeLittle
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If we make a loan to someone else? Is this not the cash that is being referred to – technically, the right to receive cash. In cash flow terms, a cash equivalent
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