In determining how accounts should be presented, accountants are concerned about the values being both relevant and reliable Is the accounts receivable value presented on the balance sheet both relevant and reliable under IFRS ...

Yes The value presented on the balance sheet is the gross amount of receiva ...

In determining how accounts should be presented, accountants are concerned about the values being both relevant and

Question:

In determining how accounts should be presented, accountants are concerned about the values being both relevant and reliable. Is the value presented on the both relevant and reliable under IFRS?
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...