please do another question Question 10 Under True transfer of risks and rewards of ownershortharder of...

Question

Question

please do another question

business accounting

Answer 1

Answer #1

10: True.

Primary factored under IFRS is sale will be considered when risks and rewards of ownership rather than transfer of control.

11.True:

Reason:.

No interest rate is stated in the note so interest is deducted from the face value of note when it is issued .

16:False

Reason

Under ifrs bad debts relating to accounts receivables are recognized

Answer 2

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