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Many trading, wholesaling and manufacturing companies have material trade receivable balances. Trade receivable is usually classified as loans and receivables and is accounted for in
Many trading, wholesaling and manufacturing companies have material trade receivable balances. Trade receivable is usually classified as "loans and receivables" and is accounted for in accordance with HKFRS 9 "Financial Instruments" with initial measurement at transaction price and subsequent measurement at amortized cost. Discussion Comment on the matters to be considered by the independent auditors in evaluating the adequacy of the impairment loss on bad and doubtful accounts of trade receivables
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