From the study text, i understood that financial assets through profit and loss are classified as current liabilities. Why is that they were not classified as such in the Palister question.
Please classify.
Thank you.
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September/December 2015 Palister
10y ago#1I'm sitting here very, VERY confused!
Are you 100% sure that the study text that you have read really proposes that a financial ASSET is to be classified as a current LIABILITY?
I think that it would be a good idea to change your choice of publisher!
sorry i wanted to say financial assets at fair value through profit and loss are said to be current assets not non current assets like how they have been treated in the solution.
10y ago#3Where, in the question, does it classify these financial assets as "fair value through profit or loss"?
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