Ask Question
BusinessBusiness
31 December, 15:34

Charged off as bad debt canceled by credit grantor. True or False

+1
Answers (1)
  1. 31 December, 18:09
    0
    "Charge off" means that the credit grantor wrote your account off of their receivables as a loss, and it is closed to future charges. When an account displays a status of "charge off," it means the account is closed to future use, although the debt is still owed.

    TRUE!
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Charged off as bad debt canceled by credit grantor. True or False ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
How can unethical business practice affect the success of a business?
Answers (1)
Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2017, from Natalie's grandmother.
Answers (2)
Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profits from the citrus crop that is the primary source of income for the community.
Answers (1)
When a policy is surrendered for its cash value,?
Answers (1)
In the context of Porter's five forces model, the bargaining power of suppliers (auto dealers) is a weak force when considering the example of auto dealers setting the price of new cars in which consumers are unable to verify the 'true price' of
Answers (1)
New Questions in Business
Suppose that a tax is placed on books. if the sellers pay the majority of the tax, then we know that the
Answers (1)
Your firm is a U. K.-based exporter of bicycles. You have sold an order to a Swiss firm for SFr. 1,000,000 worth of bicycles. Payment from the Swiss firm (in Swiss francs) is due in 12 months.
Answers (1)
Assume that the total value of the following items is $600 billion in a specific year for Upper Mongoose: net exports = $50 billion; value of new goods and services produced in the underground economy = $75 billion;
Answers (1)
Managers rarely have to manage multicultural teams within one organization in one location. a. True b. False
Answers (1)
Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interest rate on margin debt is 6.25% per year. The maintenance margin is 30
Answers (1)
Home » Business » Charged off as bad debt canceled by credit grantor. True or False
Sign Up Forgot Password?