Which accounting standard applies while disclosing cash and cash equivalents in the financial statements of a company?

AS-3

The correct answer is option 3- AS-3.

Accounting standard-3 applies while disclosing cash and cash equivalents in the financial statements of a company.

Cash and cash equivalents is always current however, amounts which qualify as cash and cash equivalents as per AS-3 is shown in current category. The supremacy is accorded to AS over Schedule III, cash and cash equivalents are to the disclosed in accordance to the prescribed standard.