The company has securitied its accounts receivable and it has submitted the invoices raised by it to the Bank. ON that basis the Bank has advanced 85% of the invoice value under securitasation arrangement.
In the financial accounts to be drawn, can we represent only 15% of the debtors as collectable and the 85% be represented in the Notes forming part of balance sheet.
Is there any guidence note on this treatement.
Please help
Regards
Venkat
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