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Accounts Receivable, net
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Accounts Receivable Net    
Accounts Receivable, net

3. Accounts Receivable, net

 

Accounts receivable, net consisted of the following as of:

 

   December 31, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
Accounts receivable   3,535,071    1,526,246    1,129,422 
Less: allowance for credit losses   (6,170)   (6,170)   (4,566)
Accounts receivable, net   3,528,901    1,520,076    1,124,856 

 

*The allowance for credit losses remains unchanged since January 1, 2021

 

 

FBS GLOBAL LIMITED

 

Notes to Condensed Consolidated Financial Statements (Unaudited)

 

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