ICICI

Security Deposit


Sarthak Gupta   18 February 2019

Sarthak Gupta

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What will be the treatment under Ind AS of interest bearing security deposit received by an entity which need it refunded after some time?

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Madamshetty Kavya   23 February 2019

Madamshetty Kavya

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They should recognise as a financial liability at fair value, as per Ind AS 109 and the difference between actual value and fair value is recognized as Deferred Income.

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Sarthak Gupta   23 February 2019

Sarthak Gupta

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Can we treat the same to be at fair value already since it is interest bearing security deposit liability?


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