Difference between revisions of "Bad Debts"
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== Bad Debts - FAR 31.205-3 == | == Bad Debts - FAR 31.205-3 == | ||
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== Summary == | == Summary == | ||
Bad debts, including actual or estimated losses arising from uncollectible accounts receivable due from customers and other claims, and any directly associated costs such as collection costs, and legal costs are unallowable. This cost principle also applies to other business transactions and employees.<ref>FAR 31</ref> | Bad debts, including actual or estimated losses arising from uncollectible accounts receivable due from customers and other claims, and any directly associated costs such as collection costs, and legal costs are unallowable. This cost principle also applies to other business transactions and employees.<ref>FAR 31</ref> | ||
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==References and Notes== | ==References and Notes== | ||
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[[Category: FAR 31 - Contract Cost Principles and Procedures]] | [[Category: FAR 31 - Contract Cost Principles and Procedures]] | ||
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Revision as of 06:17, 27 March 2015
Allowable or Unallowable: Unallowable
Source: FAR
Bad Debts - FAR 31.205-3
Summary
Bad debts, including actual or estimated losses arising from uncollectible accounts receivable due from customers and other claims, and any directly associated costs such as collection costs, and legal costs are unallowable. This cost principle also applies to other business transactions and employees.[1]
References and Notes
- ↑ FAR 31
