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Financial Liability

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Financial Liability

  • This topic has 1 reply, 2 voices, and was last updated 4 years ago by P2-D2.
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  • September 15, 2018 at 2:33 pm #474660
    gangsta1
    • Topics: 75
    • Replies: 10
    • ☆☆

    Sir can you please explain what is meant by ” financial liability held for trading”.

    September 15, 2018 at 9:42 pm #474702
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6234
    • ☆☆☆☆☆

    It is debt that is sold on the financial markets, so instead of you paying the debt issuer you pay somebody else who will then assume responsibility for paying the debt.

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