Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

If a borrower is declared bankrupt then in which head BAD DEBTS of the borrower would be showed at the end of the year in the books of borrower?

user-image
Question ajoutée par Faisal Shahzad , Branch Operation Manager , Al Baraka Bank (Pakistan) Limited
Date de publication: 2014/04/03
Amit Falnikar
par Amit Falnikar , Group Finance Manager , Transmak Dewatering Services LLC

Funds would be written off the receivables in the lender's books. As per concept of prudence, following entry would be passed in the books of a lender:-

Dr. Bad-Debts expenses                                         xxx

Cr. Borrower (Receivable)                                             xxx

 

 

More Questions Like This