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And can you please tell me that if it can be recorded as an income than in what situations it can be and;
If it cannot be recorded as an income than why?
Financial asset changes from 10 to 15 – amortisation would be a credit – income
Financial liability changes from 10 to 15 – amortisation would be a debit- expense
Sir you mean to say is that;
if financial asset’s value increases (for eg. From 10 to 15) than 5 will be amortisation income and ;
If Financial liability’s value increases (for eg. From 10 to 15) than 5 will be amortisation expense.???
And same is the case in vice versa like if Fiancial asset decreases amortization expense and if Fiancial liability decreases than income???
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