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  1. May 15, 2024 · Unlock insights into MaxProf's treatment of VAT on bad debts and allowances for doubtful debtors. Auditor Bongani Makgoba explores key conditions, timing, and documentation requirements for claiming relief, alongside the impact on VAT treatment.

  2. 3 days ago · Accurately accounting for bad debts is fundamental to maintaining the integrity of financial statements. The process begins with recognizing that a receivable is unlikely to be collected. This recognition is typically based on historical data, customer payment patterns, and economic conditions.

  3. May 15, 2024 · Consolidating debt when you have bad credit is not impossible. Solutions include debt consolidation loans, balance transfer credit cards, and home equity loans.

  4. 2 days ago · Power companies hit by huge rise in consumer debt, as write-offs soar Energy prices are estimated to have fallen by 3.1pc last month. Photo: Getty One of the country's biggest energy providers has ...

  5. May 8, 2024 · However, this isn’t always true. Yes, poor debt management leads to financial ruin. Having multiple debts forces us to spend most of our income paying them instead of putting it towards basic necessities or an emergency fund. That said, when well-managed and used for the right purpose, debt can help us build our wealth.

  6. May 15, 2024 · Explore the top options for debt consolidation loans even if you have bad credit. Learn how to qualify, and consider the pros and cons of these loans.

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