Under IFRS, a company will derecognize its receivables when the contractual rights to the cash flows of the receivable no longer exist.

Name: Under IFRS, a company will derecognize its receivables when the contractual rights to the cash flows of the receivable no longer exist.
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This is true as per IFRS 9 Financial Instruments. When the contractual rights to receive cash flows from a receivable cease to exist, the company derecognizes that receivable from its financial statements.

Under IFRS, a Company Will Derecognize Its Receivables When the Contractual