A write-off and a provision aren’t the same thing, and students need to teat them differently. In her latest back to basic series Sarah Wilson explains that confusing the two doesn’t just cost you marks in the exam, it changes which accounts move, which order the calculations happens, and what each figure represents.
Check out more on page 31 of the latest issue, out now: https://digital.magmanager.co.uk/Reader/Index/2884162
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