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Agency conflict between shareholders and creditors?
if the creditors are not paid in time.
What do most creditors today demand to be paid in?
cash
What does it mean when some one says ok its billed?
its paid
What percentage of unsecured debt is paid to the debtors involved in a chapter 13 bankruptcy?
The percentage paid to unsecured creditors in a Ch 13 is determined by your disposable income. Secured creditors get paid at 100%, house and car payments remain the same. What's left over gets paid out to those unsecured creditors who file proofs of claim. If a creditor does not file a claim, then that creditor does not get paid.
A debit to AP represents cash paid to creditors?
yes
liquidators has rs.: 2,10,000 to pay to creditors. he is entitled to get 5% remuneration on the amount paid to creditors. in such a situation liquidators remuneration will be?
1000000
Can creditors keep selling your debt?
Until it is paid off, yes.
Does debit to accounts payable represents cash paid to creditors?
yes it does
What journal entry we make when proprietor paid to creditors from his personal account?
Sundry creditors a/c dr to proprietors personal a/c cr
What is First loss payee?
This phrase refers to the order in which creditors get paid off in the event that a debtor defaults on a loan. The first loss payee would priority over other creditors, and be paid off first.
The term receivables refers to cash paid to creditors. true or false?
true
Ap represents cash paid to creditors?
What can a company obtain by using internet
