Receivables that result from transactions other than trade receivables,if material,are separately disclosed on the balance sheet.

Question

Quizplus · Accepted Answer

If the receivables are not related to trade, they are considered as non-trade receivables and must be separately disclosed in the balance sheet if they are material. This helps readers of the financial statements to understand the nature and amount of such receivables.

Receivables That Result from Transactions Other Than Trade Receivables,if Material,are