Accountancy, asked by divyapatidar528, 3 months ago

"All insolvents are bad debts but all bad debts are not insolvent." Justify the statement.

Answers

Answered by guravdisha167

Answer:

nor every bad debt is insolvent

Explanation:

some of the bad debts are solvent but they do not do the transaction or clear their cash to recover but they do the transaction which are unnecessary .. the person who is solvent and in the position to pay but also he is not recovering then he is mark as a bad debt

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