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Trade receivables

This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.

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July 3, 2019 at 10:30 pm #521754
ayeshatabani
Member
- Topics: 98
- Replies: 95
Hi sir,
Loss allowance as per ifrs 9 is only allowed for debt instruments. Why is there loss allowance on trade receivables. Is that because they are a debt instrument?
Thanks
July 5, 2019 at 10:22 pm #522004
P2-D2
Keymaster
- Topics: 4
- Replies: 7082
Hi,
A receivable is a financial asset and it follows the rules of IFRS 9, however there are more simplified rules within IFRS 9 for a trade receivable.
Thanks
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