Page 90 - F2 Integrated Workbook STUDENT 2019
P. 90
Chapter 3
Do risk and
rewards
transfer?
YES NO
No repayment of advance. Must repay advance.
No repayments for bad Compensate for bad debts.
debts.
Derecognise receivable. No derecognition of
receivable. Treat as loan.
Dr Cash
Dr Expense β Dr Cash
Cr Receivable Cr Loan
82
