Under IFRS, receivables are to be reported on the balance sheet at:

(a) amortized cost.

(b) amortized cost adjusted for estimated loss provisions.

(c) historical cost.

(d) replacement cost.

Amortization is the expense incurred by the business entity because of the reducing value of intangible assets, such as patents amortization.

Receivables under IFRS are reported at a value that can be realized from them. Therefore, the business entity reports receivables after making adjustments to the provisions. Thus, option b is correct.

(a) Only amortized cost is not used to report the receivables on the balance sheet. Instead, estimated allowances are also adjusted.

(c) Accounts receivables are not reported at their historical cost. Adjustments in respect of repayment and estimated allowances are made.

(d) Accounts receivables are not reported on their replacement cost. Instead, the balance sheet includes their net realizable value.