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FR > Financial Instrument. The answer is we need to carry the creditors in amortised cost. And it’s FV + Interest. But how to compute interest without knowing the period (when exactly the creditors will be paid)

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Chandan Subudhi

Chandan Subudhi

CA Final

12K+

08-May-24 08:03

49

Answers (1)

Initially the FV wil be transaction price. Subsequently we will provide interest if payment is delayed.


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

08-May-24 13:58

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