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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Ias – financial instruments
Respected tutor
Will Trade receivables and trade payables be categorised as Financial Assets and Financial liabilities as per the IAS 32.
Thank u in advance ???
Hi,
Yes, this is correct as they meet the definitions of a financial asset and a financial liability.
Thanks
Thank u so much??
