[raufhasanov]

for example if we have 10000 rent expense, 2000 of them were accrued. Should we show 10000 rent expense on our SOPL and show 2000 rent liability on SOFP or how?

thanks in advance

[raufhasanov]

irrecoverable debt and bad debt are different thing? If we have increase on allowance do we need to debit irrecoverable debt and then credit same amount in Trade receivable account?

[Author]

Posts