Accountancy, asked by metricspace4788, 1 year ago

WHAT ARE BOOK DEBTS? DIFFERENCE BETWEEN DEBTORS AND BOOK DEBTS?

Answers

Answered by kaira6
3
When two readers fight over a books credibility, value, quality, story, characters, or anything else. 
Answered by Anonymous
1
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♣️➡️Book debts is the term used for sums of money ♣️owed to the bankrupt partnership or company at ♣️the date of the insolvency order usually for goods ♣️or services supplied or work carried out✔
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♣️➡️ Book debts means the amount that is owed by ♣️the business from its customers. Thus, trade ♣️receivables debtors and bills receivable are the ♣️book debts of the business. 
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♣️➡️Debtors are all those those persons, who are ♣️liable to pay money to the business. Thus, we can ♣️say that Book-Debt is wider term.
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