Book debts and Receivables
This query is : Resolved
28 December 2010
Dear all,
can anyone tell me what is the difference between book debts and receivables during making the credit appraisal note.
can anyone tell me what is the difference between book debts and receivables during making the credit appraisal note.
CA.RAJIV SHUKLA FCA
(Expert)
28 December 2010
Dear Jayshri,
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 is Debtors Balances With in 90 Days Outstanding considered for Drwaing Power.
Receivables Includes Debtors with Other parties from whom amount is receivable.
CA Sanat Pyne
(Expert)
28 December 2010
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.
Receivables = Book Debts + Debtors(not book debts/ trade debtors) + B/R generated against Debtors.
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