sir with reference to example quoted on the pg no 2.95,we have not included debtors while calculating financial asset to total assets but sir as per ind as on fianancial instument we treat debtor as financial asset. Kindly resolve

2 answers

Ravi Staff September 18, 2017

Hello Mohit 
debtor is financial asset as per AS and Ind AS for accounting purpose. But here in this example asset will be considered of financial nature if it is related to financing business of company. This debtor is outcome of trading business hence not included, advances given can be understood as related to finance business hence it can be included .
hope you got the point I want to make, please comment hear if still it is not clear

Audit Staff September 22, 2017

got it sir. txx


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