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Bad debts provision treatment

This topic has 1 reply, 2 voices, and was last updated 10 years ago by Tax Tutor.

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April 25, 2014 at 12:34 pm #166266
qureshi
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I have a question regarding bad debts provision while calculating tax adjusted trading profit. Can you please explain proper treatment of these provisions?
April 25, 2014 at 4:37 pm #166295
Tax Tutor
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Provisions such as for bad debts are not allowable, impairment of a trade debt is allowable and this should now be the term used in the accounts and in an exam question.
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