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Multilateral netting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AFM Exams › Multilateral netting

  • This topic has 5 replies, 3 voices, and was last updated 7 years ago by John Moffat.
Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • November 21, 2015 at 1:25 pm #284311
    567890bba
    Member
    • Topics: 5
    • Replies: 10
    • ☆

    Good day, my question goes thus, if in a question on multilateral netting the question says owed by and owed to
    Example owed by Kenduri and owed to Lakama 4.5 us dollars As in 2013 June question. Who is the debtor and who is the creditor Thanks

    November 21, 2015 at 2:07 pm #284321
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    In Kenduri’s books, Lakama is a creditor (because K owes money to L).

    In Lakama’s books, Kenduri is a debtor (because L is owed money by K)

    November 21, 2015 at 2:23 pm #284327
    567890bba
    Member
    • Topics: 5
    • Replies: 10
    • ☆

    Thank you

    November 21, 2015 at 5:51 pm #284378
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    You are welcome 🙂

    November 28, 2015 at 3:10 pm #285958
    petrochina
    Member
    • Topics: 6
    • Replies: 79
    • ☆☆

    … There was my question but I found answer myself, sorry

    November 28, 2015 at 5:35 pm #285987
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51551
    • ☆☆☆☆☆

    Do you mean I have missed one of your questions? If I have then I am sorry.
    Anyway I please that you have found the answer 🙂

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