Hiya~ I m having F3 this Dec.
Let me ask you something.
When preparing for Income statement, if I got increas in allowance, I add that balance to irrecoverable
debt expense in Income statement as the text book teachs me.
then If I got decrease in allowance, I put that balance beneath Gross profit in Income statement as an income.
This is it! Do I have to deduct that balance from irrecoverable debt expense???? so put adjusted irrecoverable debt( original irrecoverable debt expense less decreas in allowance) balance to income statement?
I hope to hear from you soon. Thank you very much~

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