Sir,
Whilst calculating the general Expense.
Should the specific Allowance and Irrecoverable debts both be subtracted initially then multiplied by %rate
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Specific Allowances
6y ago#1Any specific allowance is subtracted before calculating the general allowance.
As far as irrecoverable debts are concerned then yes they are deducted, but check the wording of the question carefully because if the question says that they were dealt with during the year then they will already have been deducted and so we don't deduct them again :-)
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