IAS 19 net off

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July 29, 2016 at 12:41 pm #330135
zulfi245
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-Why do we net off plan assets with defined benefit obligation? Reason.

-Do ias 19 states to net off or some other standard ?
July 29, 2016 at 9:50 pm #330191
P2-D2
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We net the amounts off as there is intent to net them off and it can be legally done. I think it is covered in IAS 1, if memory serves me right.

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