non-financial vs non monetary asset/liability

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April 23, 2021 at 3:21 am #618559
Noah098
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sir is there any difference between non-financial asset/liability and non-monetary asset/liability?
April 23, 2021 at 1:05 pm #618596
Stephen Widberg
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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!
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