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Hello Mike
Hope you are fine.My question is about recognition of transaction cost. Am I right?
If the financial asset is recognised as FVTPL : Then any transaction costs go to P&L as an income. I mean we added it to P&L.
If the financial asset is recognised as FVTOCI or amortised cost : Then any transaction costs is added to the fair value of the financial asset.
Thank you in advance
All financial instruments are initially measured at fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs
Remember that!
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