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Financial instruments

This topic has 2 replies, 2 voices, and was last updated 5 years ago by Stephen Widberg.

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November 6, 2019 at 12:01 pm #551681
alikhakar
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Suppose the business model is to hold asset until maturity.. But somehow the entity has to sell the debt financial asset before its maturity.. What will the accounting treatment?
November 6, 2019 at 12:02 pm #551682
alikhakar
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The asset was held at Amortised cost.
November 7, 2019 at 6:36 am #551730
Stephen Widberg
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If bond is sold on, there will be a gain or loss in the P&L
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