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Accounts Receivable, net
 12 Months Ended
Dec. 31, 2023
Accounts Receivable Net  
Accounts Receivable, net

3. Accounts Receivable, net

 

Accounts receivable, net consisted of the following as of December 31:

 

  

2022

SGD

  

2023

SGD

  

2023

USD

 
Accounts receivable   3,422,136    3,535,071    2,615,953 
Less: allowance for credit loss   (6,170)   (6,170)   (4,566)
Accounts receivable, net   3,415,966    3,528,901    2,611,387 

 

Movement of the allowance for accounts receivable were as follows:

 

   December 31, 2022   December 31, 2023   December 31, 2023 
   SGD   SGD   USD 
Beginning balance   6,170   6,170   4,566
Addition   -    2,750    2,035 
Write-off        (2,750)   (2,035)
Ending balance   6,170   6,170   4,566

 

 

FBS GLOBAL LIMITED

 

Notes to Consolidated Financial Statements