Hi sir,
Loss allowance as per ifrs 9 is only allowed for debt instruments. Why is there loss allowance on trade receivables. Is that because they are a debt instrument?
Thanks
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Trade receivables
7y ago#1Hi,
A receivable is a financial asset and it follows the rules of IFRS 9, however there are more simplified rules within IFRS 9 for a trade receivable.
Thanks
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