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Accounting for bancassurance commission income [on hold]

Discussion in 'Finance' started by user77838, Oct 8, 2018.

  1. user77838

    user77838 Guest

    Bank 'A' provides bancassurance services for insurances company 'B'. Bancassurance commission on all policies sold in January is received in February. What will be the accounting treatment for this income? Will receivable be recognized? And what are the relevant paragraphs in IFRS for this?

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