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Impairement losses

How do I treat impairment loss on trade receivables  in the accounts and the tax implication.

asked Jun 29, 2016 in IAS 36 - Impairment of Assets by anonymous

1 Answer

0 votes
impairment losses are generally charged to P&L as an expense. As far as tax computations are concerned, it may be allowed or disallowed in arriving at the taxable profit depending on the tax rules of your jurisdiction/country. I think most of the countries allow it as a tax deductible expense.
answered Jun 30, 2016 by ruchi99
Thanks. I appreciate.