interest revenue, or is it
Dr. the asset
Cr. Revenue
I consider per GAAP, in the repo agreement, the item “sold” stays upon the books of the seller so the entrance to jot down the repo from the sellers indicate of perspective should be
Dr. Cash
Cr. Liability – Repo Agreement/short tenure debt
Even if there is an undisguised sale of the asset, the usually income stroke should be benefit upon sale of the item right?
