Question: Question 9 Ms TS Ltd. has entered into a contract by which it has the option to sell its specified asset to NB Lid. for

Question 9 Ms TS Ltd. has entered into a contract by

Question 9 Ms TS Ltd. has entered into a contract by which it has the option to sell its specified asset to NB Lid. for 1100 lakhs after 3 years whereas the current market price is 7150 lakhs. Company always settles account by delivery. What type of option is this? Is it a financial instrument? Explain with reference to the relevant accounting standard

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