Sir,shouldn’t we express the entire receivebles in SOFP then subtract BAD DEBTS Then subtract Reserve
Receivebles. 82000
(-) irrevocable. 8000
(-)Reserve. 12560
___________________________
61,440
Shouldn’t we show all receivables and then subtracting both rather than showing receivbles exclusive of Bad debts?
Are we supposed to subtract irrecoverable debts then show it in FP or Show subtraction in FP
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Irrecoverable debts and Doubtful debts
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