IND AS 109 DEBT FVTPL
ANKUR SHAH (CA Business) (33 Points)
08 August 2020ANKUR SHAH (CA Business) (33 Points)
08 August 2020
yasaswi gomes
(My grammar is 💯 good I)
(7296 Points)
Replied 09 August 2020
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.
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