Allowances and Valuation Allowances – Essential Elements for the Presentation of the Fair View of the Financial Statements

Allowances and Valuation Allowances – Essential Elements for the Presentation of the Fair View of the Financial Statements

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This article presents the accounting and fiscal treatment of allowances and valuation allowances.In ut solution gel for cats order to achieve the accounting’s objective of providing the fair view, it is required that all accounting principles are followed and the allowances or impairment losses of assets are recorded, whether deductible or non-deductible, considering their significant here role regarding the financial statements.