15.Which of the following statements is/are not true? Statement 1: Obligation to deliver own shares worth a fix amount of cash is an example of financial asset. Statement 2: Warrants are printed call...

15.Which of the following statements is/are not true?


Statement 1:  Obligation to deliver own shares worth a fix amount of cash is an example of financial asset.


Statement 2:  Warrants are printed call options that allow the holder to subscribe or purchase ordinary share in exchange for a fixed amount of each and another financial asset.



Statement 3:  Petty cash refers to cash balances kept on hand at various location to pay for major expenditure such as postage and other out of pocket expenditure.


Statement 4:  Financial instrument include financial assets, financial liabilities, and equities and derivatives.