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Ask the Tutor ACCA TX-UK

trading income

Aamna11y ago
how will the bad debt recovered be shown when adjusting to find the taxable trading profit? will it be shown as zero as it is already included in the accounting net profit?
TTTax Tutor11y ago#1
As the bad debt recovered is now taxable, if the amount is already included in the accounting profit then a zero adjustment will indeed arise
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