Make your hard disk drive as good as new. In fact, HDD Low Level Format Tool re-initializes the hard drive to its factory configuration by writing a zero byte to its each and every location on the disk.
Trade receivables are those receivables which originate from sales of goods and services by a business in the ordinary course of business. Non-trade receivables are the amounts due from third parties for transactions outside its primary course of business i.e. selling goods and services.
Should long outstanding trade creditors and other account payables be written off or derecognized in a similar way to the write-off of account receivables considered irrecoverable? What are the circumstances under which accounts payable balances may be written off or reversed? Answer. Trade creditors and other accounts payables constitute financial liabilities of the company which are payable to the respective creditors according to the terms of contracts.