Question
A debtor may communicate that the business in which they dealt with you is now bankrupt and continue trading under a different name. What action
A debtor may communicate that the business in which they dealt with you is now bankrupt and continue trading under a different name. What action would you take? Consider in your answer how you would review compliance of the debtor's behaviour with the terms and conditions of the sale and the recovery plan of action.
How to record bad and doubtful debts in accordance to accounting requirements.
Step by Step Solution
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Step: 1
If a debtor communicates that the business in which they dealt with you is now bankrupt but continues trading under a different name it is important to take appropriate action to protect your interest...
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Step: 2
Step: 3
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
