Will the debt be paid? Sometimes receivables can be considered doubtful or hopeless. For example, if the counterparty did not provide collateral or surety when making a deal, there is a chance that they will delay payment or not repay the debt. There are also situations when the debtor goes bankrupt after the deal is concluded, and it was not possible to obtain payment through the court.
hopeless, that is, it will never be paid. How is it recorded in financial statements? The total amount of debt from all debtors is recorded in Section II "Current assets" of the company's balance sheet in line 1230. The amount netherlands telegram mobile phone number list owed by each is described in explanatory tables to the balance sheet 5.
1 and 5.2. Accounts receivable must be recorded in the accounting accounts from the list specified in the Order of the Ministry of Finance dated 31.10.2000 No. 94n . For example, account 60 is intended for settlements with suppliers and contractors, and account 62 is for buyers and customers. For each of the accounts, an entry is made - an entry in the accounting documents, which helps track the movement of funds.