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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › non-financial vs non monetary asset/liability
sir is there any difference between non-financial asset/liability and non-monetary asset/liability?
If discussing financial instruments – use financial asset / liability
If discussing FX – use monetary / non-monetary
There may be no examples of differences that I can think of, but you will muddle the examiner if you start to discuss it!