Search found 3 matches
- 09 Sep 2021, 14:49
- Forum: IFRS-related topics
- Topic: Related parties payables written off
- Replies: 1
- Views: 898
Related parties payables written off
A company has payable amount to a related party (both companies have the same shareholder) which was waived during the reporting period. Can this amount waived be posted directly to retained earnings or should be recognized in P&L ?
- 02 Apr 2021, 10:39
- Forum: IFRS-related topics
- Topic: Art Work
- Replies: 3
- Views: 2030
Re: Art Work
The purpose is for long - term investment.
- 02 Apr 2021, 10:33
- Forum: IFRS-related topics
- Topic: Art Work
- Replies: 3
- Views: 2030
Art Work
Does anyone knows how to recognize high value paintings in the financial statements? Is there a standard applicable to that?