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Doubtful debt allowance
Allowance for doubtful accounts increased from the prior year, but allowance for doubtful accounts as a percentage of accounts receivable decreased form the prior year. what is the reason of this opposite change?
it is very simple. the allowance can be increased by the increase in the amount of debtors even though the percentage decreases to the debtors
i have to submitt my tax return, can i deduct doubtful debt as expense?
You can't
tax return does not allow the deductions of any provisions
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