TAX ACCA Past Paper- question !, I need someone to explain the answer
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 Apr 17 2006, 12:50 AM, updated 20y ago
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#1
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Senior Member
1,041 posts Joined: Oct 2004 
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ok look at the specific doutful debt, in theory, specific doubtful debt is allowable for tax deduction.... ok, assume that if it increase in specific doubtful debt, in tax computation, no adjustment needed becoz in P&L it has been deducted. Now, look at the attachment, it is a decrease, the answer shows a minus in tax computation, can i know why? it should be no adjustment for my thinking. p/s: Mod, i dunno it correct to post it here, if no, apologize... |
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Apr 17 2006, 06:30 AM
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#2
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Senior Member
1,414 posts Joined: Jan 2003 From: 47300 
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wow, that is the most confusing parts in tax syllabus ! even i had been lectured on it but still cant get the concept properly! haha! Sorry to my lecturer as i forgot all!
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Apr 17 2006, 05:36 PM
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#3
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Senior Member
8,650 posts Joined: Sep 2005 From: lolyat
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wah...it make me confusing
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Apr 17 2006, 10:00 PM
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#4
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Senior Member
1,333 posts Joined: Jan 2003 From: secret
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have u asked ur lecturer?.. it might be an error in the answer.. it has happen before..
and there are a few requirements for a specific doutbful debt to be allowable.. are there any rules regarding decrease in specific doubtful debt as chargeable? This post has been edited by hikari: Apr 17 2006, 10:15 PM |
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