Hiya
I'm just checking myself as I have a client who's company loaned 100k to another company, they were repaying it but at 62k owed bacl to my client they went bankrupt, whats the best way to account for it?
Thanks ever so much for your time and help
Clara
Replies (4)
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Insofar as it is unlikely to be recovered, as a bad debt. Why is that not obvious. Were you thinking it might be better shown as a recoverable debtor?