02-04-2011, 02:07 AM
Financial assets and financial liabilities can only be offset if
1) There is a legal enforceable right to do so, and
2) The company either intends to settle on a net basis, or to settle the liability and realise the asset simultaneously
1) There is a legal enforceable right to do so, and
2) The company either intends to settle on a net basis, or to settle the liability and realise the asset simultaneously
