While making Balance Sheet Debtors are shown in two categories i e 180 days & above 180 days
I want to know that why it is calculated for such period. and how it will decides the debt period.
Thanks
Menu
Debtors Classification
Replies (1)
Normally the period should be calculated from the bill date and if the invoice payment is not received even after 180 days then it should be classified in "above 180 days - debtors"...
This comes in receivable management where company's present and future Owner/Shareholder/lenders/creditors and the Government authorities wants to know about :
1. The future of the company,
2. Payment performance of debtors of the company,
3. Receivable management of the company,
4. Growth and performance of the company.
**DM
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
