Become a Govt. Certified GST Practitioner in just 60 hrs. Register Now!

IND AS 109 DEBT FVTPL

ANKUR SHAH (CA Business) (33 Points)

08 August 2020

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?

Reply
Follow
Share

1 Replies

yasaswi gomes (My grammar is 💯 good I) (7290 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.