| ACCOUNTS RECEIVABLE, NET |
| 3. |
Accounts Receivable, net |
The accounts receivable, net, as of
November 30, 2024 and 2025, consists of the following:
| | |
As of November 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| Accounts receivable | |
| 9,385,961 | | |
| 4,956,391 | | |
| 636,496 | |
| Less: allowance for credit losses | |
| (7,027,799 | ) | |
| (2,585,954 | ) | |
| (332,086 | ) |
| Accounts receivable, net | |
| 2,358,162 | | |
| 2,370,437 | | |
| 304,410 | |
The movements in the allowance for credit losses are as follows:
| | |
As of November 30, | |
| | |
2024 | | |
2025 | | |
2025 | |
| | |
HK$ | | |
HK$ | | |
US$ | |
| Balance at beginning of the year | |
| 2,154,945 | | |
| 7,027,799 | | |
| 902,504 | |
| Provision of expected credit losses | |
| 3,890,793 | | |
| 1,200,187 | | |
| 154,127 | |
| Write-off of accounts receivable | |
| (982,061 | ) | |
| 5,642,032 | | |
| 724,545 | |
| Balance at end of the year | |
| 7,027,799 | | |
| 2,585,954 | | |
| 332,086 | |
|