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maria [59]
3 years ago
10

Under IFRS, receivables are generally reported in the current assets section of the statement of financial position. cash and re

ceivables are reported as the last items in the current assets section of the statement of financial position. bank overdrafts are generally reported as cash. All of these answer choices are correct.
Business
1 answer:
Nesterboy [21]3 years ago
4 0

Answer:

Cash and Receivables are reported as the last items in the current assets section of the statement of financial position.

Explanation:

In IFRS Cash and receivable are reported as the last items in the current assets section of the statement of financial position whereas under GAAP, these items would be reported in the order of their liquidity.

Hope this clear things up.

Thank You.

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