Reply To: Bad debt 250K – see it now?

Iron Bru Forums Blast Furnace Bad debt 250K – see it now? Reply To: Bad debt 250K – see it now?

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SouthYorksIronSouthYorksIron
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Bad debt could also be a purchase of something that can never be repaid.

It can, but in the case of a debtor going bust there would be invoices with precise figures on them – the chances of those adding up to such an exact round figure are so slim as to be infinitesimal.

Accountants tend not to round up figures when there’s documentation that allows a precise figure to be traceable and more easily audited.