Bad debts ( Company)
This query is : Resolved
27 August 2009
Dear sir
Pl let me know about the Bad Debts.is we need to make the provision for the bad debts, & what are the actions we need to take before accounting the receivables as bad debts. & is accounting standards specify any thing about it.
Thanking you
subramhanya H M
Pl let me know about the Bad Debts.is we need to make the provision for the bad debts, & what are the actions we need to take before accounting the receivables as bad debts. & is accounting standards specify any thing about it.
Thanking you
subramhanya H M
27 August 2009
No Accounting Standared for that. and if account is over due more then credit period given by you then u make provision for bad debts based on your previous experience with the party.
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