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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › IFRS 9 – Treatment of transaction cost under IFRS9
What is the treatment for transaction cost under IFRS 9
Financial assets – Dr FA Cr Cash
Financial liability – Dr FL Cr Cash
Exception if FA or FL is measured at fair value with gains/losses in P&L, then:
Dr P&L Cr Cash
