Debt held by businesses is called Business debt.Liabilities of the business.
Liabilities Liabilities
debts
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Liabilities Liabilities
debts
Debt held by businesses is called Business debt
. If they could not collect what they were owed, they went out of business.
solvency and liquidity
They often could not collect on debts. There were times when the loans were not repaid.
Usually when a business closes it still has some assets, including accounts receivable (i.e.: money which it is owed), and those assets will be acquired by somebody. So the business that is closed isn't collecting money owed, but those debts can still be collected by someone.
Outstanding assets are assets that are owed to an individual or business. Outstanding liabilities are debts that ill be incurred in the future.
Yes, in fact it is the obligation of the estate to collect all valid debts owed to the decedent. Debts owed to a decedent are considered assets of the estate. The estate's representative has authority to demand that all debts owed to a decedent be paid to the estate. If the debtor refuses to pay, the estate representative has legal power to sue to collect those debts if it has to do so.
reparations
reparations
reparations