Bad Debts

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Peter Temple
11,98 MB
Bad Debts.pdf


Winner, Ned Kelly Award for Crime FictionShortlisted, Australian Book Design Awards, 2019Melbourne in winter. Rain. Wind. Pubs. Beer. Sex. Corruption. Murder.A phone message from ex-client Danny McKillop doesn’t ring any bells for Jack Irish. Life is hard enough without having to dredge up old problems: his beloved football team continues to lose, the odds on his latest plunge at the track seem far too long and he’s still cooking for one.But then Danny turns up dead and Jack has to take a walk back into the dark and dangerous past.About the AuthorPeter Temple was born in South Africa in 1946, and emigrated to Australia in 1980. He published nine novels, including four books in the Jack Irish series. He won the Ned Kelly Award for Crime Fiction five times, and his widely acclaimed novels were published in over twenty countries. The Broken Shore won the UK’s prestigious Duncan Lawrie Dagger for the best crime novel of 2007 and Truth won the 2010 Miles Franklin Literary Award, the first time a crime writer had won an award of this calibre anywhere in the world. The Jack Irish series was adapted for TV with Guy Pearce in the lead role. Peter Temple died on 8 March 2018.

While posting the journal entry for recovery of bad debts it is important to note that it is treated as a gain to the business & that the debtor should not be credited as in case of sales. What Is Considered a Bad Debt . Bad debt—or an uncollectible account—is a receivable owed by a customer, client, or patient which the business owner or creditor is not able to collect.

Businesses that give credits or loans to customers should always have a contingency plan, as such credits incorporate the risk of becoming bad debts. A bad debt expense is recognized when a receivable is no longer collectible because a customer is unable to fulfill their obligation to pay an outstanding debt due to bankruptcy or other financial... deduction for bad debts. In limited circumstances some taxpayers, particularly those who are in the business of lending money, may be entitled to a deduction for bad debts on normal principles under section 51(1) of the Tax Act.