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How do you handle non-collectible accounts and what happens

One of the big problems with credit policies it that when credit is granted to people who cannot pay and the aging process indicates that people are way behind, we get a situation of determining what accounts are no collectible. How do you handle non-collectible accounts? What happens to your books?

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Accounting Basics: How do you handle non-collectible accounts and what happens

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Accounting Basics: How do you handle non-collectible accounts and what happens

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