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
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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
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