What are the three types of debtors?
AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
Types of debtors
- Good debtors: - are those from where collection of debts is certain.
- Bad debts: - are those debtors from where collection of money is not possible and the amount of credit given is a certain loss.
- Doubtful debts: - are those debtors who may pay but business firm is not sure about the collection of full amount from them.
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