Revised schedule
This query is : Resolved
29 September 2013
If the Amount is not recovered from the trade debtors for a long time say 2 years and the company has not created provision for baddebt for that particular debtor then under which head of Balance sheet(under revised schedule) is that particular debtor posted. (Current Assets or Non Current Assets).
Say the operating cycle of the company is 15 months.
Say the operating cycle of the company is 15 months.
29 September 2013
As you have stated that the operating cycle of the company is 15 months and if the balance is due for more then operating cycle then it should be classify as NON-Current Assets, but if it is not recoverable then write off the amount.
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