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FINANCIAL INSTRUMENTS
12 Months Ended
Mar. 31, 2024
FINANCIAL INSTRUMENTS  
FINANCIAL INSTRUMENTS

NOTE 2 - FINANCIAL INSTRUMENTS:

 

Fair Value of Financial Instruments:

 

The Company follows FASB ASC 825 “Fair Value of Financial Instruments”, which requires disclosure of the fair value of financial instruments for which the determination of fair value is practicable. The fair value of a financial instrument is defined as the amount at which the instrument could be exchanged in a current transaction between willing parties. The carrying amounts of the Company’s financial instruments (eligible assets and liabilities) approximate their fair value because of the short maturity of these instruments.