Accountancy, asked by ashajatni61, 11 months ago

what is the meaning of a creditor of rupees 3000 was not likely to climb the amount and hence to be written off​

Answers

Answered by sidhantkhan19
1

Answer:

It means that a creditor, whom u have to pay his amount as u have lended from him. Now the creditor is not claiming his money and you dont have to pay him so written off his amount.

Answered by clicker786
0

Answer:

it means that the creditor is not able to pay for the goods he bought , hence is regarded as a bad debt as the amount is not recoverable... 3000 is recorded as a bad debt (written off)

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