Financial Instruments - Recognition and Derecognition

Check out the video if you want to know when to recognise and derecognise financial instrument from balance sheet. 1. Recognise financial instrument when you become party to contractual provision 2. Derecognise the financial assets when contractual right to receive cash flow expire or you transfer the financial assets + transfer qualifies for derecognition 3. Derecognise the financial liabilities when it is extinguished Subscribe the channel for regular update:    / @indasbysharwan5361  

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