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Trade receivacles are finanacial asset and trade payables are financial liabilities. (IAS 39, AG4). In this case, Are Trade Contracts( for example cotton selling contract) Financial Instrument?

in IAS 39 - Financial Instruments: Recognition and Measurement by Level 1 Member (1.2k points)

1 Answer

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Yes, They fall under the financial Instruments category
by Level 2 Member (3k points)