Dear All
I Have in a minor accounting problem
1 - bad debts are aseet, not liability why ?
2 - when bad debts is recover after 3-4 years when what is the entry and accounting of the same ?
3- NPA Tereatment After 3 Years ( when the bank has declared loss asset and, after 3 years, some recovery from the loss assets as on this time what is the treatment of the this NPA )
Kindly Suggest Me
Ankit Kumar Yadav