When to repay. When the repayment period
Posted: Wed Jan 22, 2025 9:28 am
For example, it is a creditor in relation to its clients and a debtor in relation to the bank where a loan for development was taken. Types of accounts receivable Accounts receivable are classified based on who the debtor is and whether there are any overdue payments. Here are the main signs by which you can understand its type: Who is the turkey telegram mobile phone number list debtor? Debtors can be clients, tax authorities, suppliers of goods, etc.
does not exceed one year, the receivables are considered short-term. If the repayment period is one year or more, the organization's debt is long-term. Whether the debt is paid on time. When the debtor is late with the payment specified in the contract, it becomes overdue. If the term has not yet come, it will be considered normal in the accounting reports.
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.
does not exceed one year, the receivables are considered short-term. If the repayment period is one year or more, the organization's debt is long-term. Whether the debt is paid on time. When the debtor is late with the payment specified in the contract, it becomes overdue. If the term has not yet come, it will be considered normal in the accounting reports.
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.