debtors and creditors ageing

Based on Debtors Ageing the Process done is Debtors classified into three categories Good Debtors,Bad Debtors and Doubtful Debtors.

Check how Provisioning is made as per Policy on Doubtful and Bad Debtors

Check Legal Cases for which Sec138 of Negotiable Instrument Act is envoked

Let experts throw more points on this

As far as creditors ageing check whether payments are made as per outstandings and if there are any credit balances of more than 180 days can it be taken to Income etc