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be_real

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be_real

Re: runandadd post# 135624

Tuesday, 03/13/2012 4:37:26 PM

Tuesday, March 13, 2012 4:37:26 PM

Post# of 157299
run, mide,

enlighten me please. If it's a liability, a debt, then it's a debt. If it's on the books, then I see it as being owed.
How or why else would it be there?

In the case of Accounts Receivable for instance, there is an Allowance For Bad Debt. There is no such account for Accounts Payable or Notes Payable.
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