Question
MG Ltd is no longer operating as a business but still owes Mr Tea 2,850. Mr Tea now does not believe that he will recover
MG Ltd is no longer operating as a business but still owes Mr Tea 2,850. Mr Tea now does not believe that he will recover the money and so will remove this debt from his receivables ledger. What type of item is this?
Select one:
A. Credit note
B. Doubtful debt
C. Irrecoverable debt
D. Provision
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Financial Accounting The Impact On Decision Makers
Authors: Gary A. Porter, Curtis L. Norton
6th Edition
0324655231, 978-0324655230
