Béryl SA held a loan at 31 December N-1 with a loss allowance of 14,000 (12-month expected losses). At 31 December N, the credit risk has increased significantly; the lifetime expected losses are estimated at 52,000. Record the entry adjusting the loss allowance at 31 December N.
- Opening loss allowance
- 14,000
- Lifetime expected losses
- 52,000