Menu
IND AS 109 DEBT FVTPL
Can anyone tell me how to Account for interest in books, for Bond classified as Asset Fair value through Profit and loss? As every quarter Bond carrying amount will be arrived at Fair value?
Replies (1)
FVTPL is a trading instrument held for investment purposes. It has gains or losses due to revaluations. Then for issued debt, the discounted PV amounts are taken to profit and loss. The interest received is taken to profit and loss as well. Yes, it can be fair value or amortised cost model.
Recent Topic
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
Related Topics
CAclubindia
