Kabale University - Debt Management Policy
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Date
2020
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kabale University
Abstract
This policy is about fees collection and any other outstanding balances from customers to zero. Despite the best efforts to collect the outstanding income, it is deemed to be irrecoverable if it is referred to as a bad debt and would normally be written off to the Statement of Comprehensive Income and Other Incomes as a reduction in income for accounting purposes.
Description
This policy is of great importance as there are cases of student drop outs hence student debtors and other customers that may not clear outstanding bills at the end of an accounting period.
Keywords
Debt, Bad Debts, Debtor,Accounting, management policy