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Forensic Accounting

Rent deposit which is adjustable with rent liability at the time of termination is financial asset or not?

Security deposit given in a rent agreement is refundable by landlord at the end of lease term or termination, which ever is earlier. but, as a general practice followed in India, security deposits used to adjusted against rent liability at the time of termination. whether, same will be considered as Financial assets under IFRS 9 or not. what will be the accounting treatment.

asked Nov 6, 2015 in IAS 39 - Financial Instruments: Recognition and Measurement by Dheeraj007 Level 1 Member (1,100 points)

1 Answer

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Check here. It is already answered:

answered Nov 15, 2015 by Mysio Level 5 Member (21,110 points)
Hi Mysio.. unable to see your answer.. please post in details....