Can a repo man make physical contacts to the debtor's place of employment?
They cannot make contact ith the person, BUT they can repo the auto.
a provision is set up to give discounts to debtors who settle accounts early. as the company are not receiving the full debt they have a provision in place in this eventuality. This is seen as an expense to the business and brings the amount the debtors down. In other words dr P&L and Cr debtors in balance sheet