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