What is book debt?
submitted by raja

Romulan

Book debt is kind of a confusing term, because generally when we think "debt," we think of money we owe to another entity. In this case, book debt is money owed to your company. In other words, book debt is your accounts receivable. It's the amount of debt "on the books."

fredrick Edesiri David

Book debt is a book that contains a list of debtors owing a particular entity or company.

JR

To be specific, book debt is money owed to your company. It's basically the opposite of what it sounds like.

AKHIL ASWAL

Book debit is the amount we receive from our debtors.

Ishita

Book debt refers to the amount that is receivable from people including debtors and others against goods sold and services rendered. Book debts are assets of an enterprise .

Ankush Agarwal

It comes in the asset side of the balance sheet

Ashok verman

Collection of debts of any company is called book of debts

Gowher

Book debt is basically the asset for company. There are three types of debts: Good debt, doubtful debt, and bad debt.

vivek dhital "LM10"

It is the amout of money we owe to a list of debtors.

amrit

book debt will be shown on asst side because it is a asset for a business

RN

A book debt is a sum of money due to a business in the ordinary course of its business. It has been described as a debt that would normally be entered in the books of the business regardless of whether or not it is in fact entered.

Santosh

Book debt is an amount that is receivable from debtors.

Rahim Songi

Book debt: this is where you record all the information from your customers who will only pay you the full amount of a later date.

bablu kumar sah-

Book debt is an amount that is receivable from debtors it show balance sheet in assets side.

Aadarsh Kunwar

It is the opposite of bad debts, which means we can receive money from Debtors.

Anil Sharma

Book debt is an asset of the firm
and has a debit balances.