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adjusted profits

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › adjusted profits

  • This topic has 1 reply, 2 voices, and was last updated 1 month ago by JillyB.
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  • August 5, 2023 at 2:12 pm #689416
    roshpatel
    Participant
    • Topics: 2
    • Replies: 1
    • ☆

    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
    Keymaster
    • Topics: 0
    • Replies: 428
    • ☆☆☆

    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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