Difference between revisions of "Bad Debts"
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Revision as of 11:01, 26 September 2013
Contents |
Bad Debts - FAR 31.205-3
Allowable or Unallowable?
Unallowable
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
