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IND AS 109 DEBT FVTPL


ANKUR SHAH (CA Business)     08 August 2020

ANKUR SHAH
CA Business 
 33 points

| My Other Post

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?

avater

yasaswi gomes   09 August 2020

yasaswi gomes

 91 likes  1604 points

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 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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