Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What's the difference between Bad Debts & Write Off?

user-image
Question added by Thufyl Ahmed , Finance & Accounts Manager , Ambur Tannery Effluent Treatment Company Limited
Date Posted: 2016/08/10
Arnel Gabucan
by Arnel Gabucan , Executive Assistant To Chairman , Dar Afia Hospital

As far as I can recall in the billing office I used to work with some years ago, Bad Debt is a hopeless case as the creditor can no longer claim money from the debtor perhaps due to liquidation, insolvency and or bankruptcy while write-off is canceling something from accounts due to loss or failure perhaps the debtor, in this case, can be sued?

More Questions Like This