Trade receivables

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July 3, 2019 at 10:30 pm #521754
ayeshatabani
Member
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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
July 5, 2019 at 10:22 pm #522004
P2-D2
Keymaster
- Topics: 4
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Hi,

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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