The two methods are not mutually exclusive, and some businesses will have a provision for doubtful debts and will also write off specific debts that they know to be bad (for example, if the debtor has gone into ________.)
A. Liquidator (law)
B. Unfair preference
C. Floating charge
D. Liquidation
Answer:D
The two methods are not mutually exclusive, and some businesses will have a provision for doubtful debts and will also write off specific debts that they know to be bad (for example, if the debtor has gone into ________.)
A. Liquidator (law) B. Unfair preference C. Floating charge D. Liquidation