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What are the accounting entries for debtor impairment?
in IFRS 9 - Financial Instruments by
retagged by

2 Answers

–1 vote
Best answer
Its like this:

Dr. Impairment Loss (Profit & Loss)
Cr. Provision for impairment (Balance Sheet)
by Level 5 Member (11.6k points)
selected by
Isn't that the Provision is not allowed for debtors in the IAS 37?
Please explain if it's not..
check here:
Then in the answer of the Tina says "Provision for impairment"(while the provision is not allowed for debtors) Please Explain.
0 votes
Impairment losses should be recognized in P&L

Dr. Impairment Loss (Profit & Loss)
Cr. Relevant Asset Account (Balance Sheet)