can anyone tell me what is the difference between book debts and receivables during making the credit appraisal note.
Book Debts is Debtors Balances With in 90 Days Outstanding considered for Drwaing Power.
Receivables Includes Debtors with Other parties from whom amount is receivable.
Book Debts refers to balances due from customers to whom we have sold goods or rendered any service on credit.
Receivables = Book Debts + Debtors(not book debts/ trade debtors) + B/R generated against Debtors.