Accountancy, asked by Azrmehmood5211, 1 year ago

Book debt is kind of a confusing term, because generally when we think "debt," we think of money we owe to another entity. In this case, book debt is money owed to your company. In other words, book debt is your accounts receivable. It's the amount of debt "on the books."

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Answered by mamtaranimab

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