3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Accounts Receivable and Expected Credit Loss (Policies) |
3 Months Ended |
|---|---|
Apr. 30, 2025 | |
| Policies | |
| Accounts Receivable and Expected Credit Loss | Accounts Receivable and Expected Credit Loss
In accordance with ASC 326, "Measurement of Credit Losses on Financial Instruments", accounts receivable are recognized upon delivery of goods or services. The Company adopts the Current Expected Credit Loss (CECL) model, which necessitates the recognition of expected credit losses over the life of the asset. This model incorporates historical data, current conditions, and reasonable future forecasts. Accounts deemed uncollectible are written off against the allowance for doubtful accounts. As of April 30, 2025, the Company has assessed its accounts receivable for impairment under the CECL model and has made appropriate adjustments in line with GAAP standards. |