adjusted profits

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August 5, 2023 at 2:12 pm #689416
roshpatel
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In the practise question 8(John), in the note for bad debts why do we not add back the tading debt written off, increase in allowance and trade debt recovered?
aren’t all irrecoverable debts disallowed?
August 6, 2023 at 3:14 pm #689467
JillyB
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Anything that is related to the trade is allowable for tax purposes and does not need to be adjusted in the profits computation
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