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How does a company record a bill in its books that was forgiven by creditor?

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A very good idea. Any charge off - which is really only an accounting entry on the books of your creditor - that you haven't received an offical agreement/notice that the creditor has actually forgiven the debt and relieved you of having to pay, (not just accepted it may be worth nothing and uncollectable), is still an obligation to you.


In Company menu drop down there is Journal entry in list, through that you can record journal entries in quick books.


No, the collection agency is now the rightful owner of the debt in question and the original creditor has removed the account from their books.


Guinness world record books are found in the same places that other books are found: book stores and libraries.


Writes a check and sends it out to the creditor.


Purchase day books is used to record all purchases made by company on credit and no other information is available on this book.




The books were ordered from your company, not B&n.


books, account books, record books, registers, logs, accounts; records, books; balance sheets, financial statements.


Historic record show that books were hand written


There is no record in the books of this


The books and records of a company are the accounting books and records, the book of the minutes of the meetings of the board of directors and the shareholders, and the bylaws and changes adopted by the board of directors, and the company chartering documents from the jurisdiction in which the company is chartered. Other documents, such as personnel and operation's reports and records, are not usually deemed the books and records of the company but may be disclosed or discovered in a lawsuit against the company.


On Quick Books, where do you record cash that you put back into the business?


You will need to learn how to bring down a set of books (accounting books)did you mean a clothing company or a company that is closing down, basic accounting consists of being able to balance the books with the assets and liabilities.


The world record for ripping phone books is set by Tina Shelton that lives in the USA. She ripped 21 phone books that has 1,028 pages each and she did this on February 9,2009 in a time of three minutes.


well the record is the cathedral school llandaff!


Robert wadlow still holds the record for the tallest male and person in the Guinness world record books, he was 8ft 11.1in (272cm)tall. he lived a total of 22 years(from 1918 to 1940). he was American.


I have my own company and we make and sell shirts advertising books.


If it is a limited company, accounts and trading books are held by Company House. If you are looking to invest in a company speak to your bank or accountant for more detailed information.


The company that is known as Big Books offers a product that has the ability to help you or anyone recover from an addiction to the substance known as alcohol.


Secret Storage Books is a company that sells hollow books where you can store jewelry and other valuables. Just set the book on a shelf with your other books and it blends right in.


Lucent Books was created as a sister company in 1987 to Greenhaven Press.


In the record books. It made landfall in Texas.


Virgin Records, Richard Branson's record company, have several famous music artists on their books. For example, the Spice Girls, Keith Richards and Genesis were signed to them.



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