| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
The total amount owed by other debtors is £344,933, and it consists of individual loan amounts from four different companies. Cross Retail Ltd owes £70,581, SNS Absolute Care Ltd owes £201,951, Molecule Pharma Ltd owes £62,324, and 3E'S Accountants Ltd owes £10,076.
It's important to note that each of these loan amounts includes interest income, which has been calculated based on the agreed-upon interest rate. |