Bad Debt Relief
Avoiding Scams When Choosing A Debt Relief Company
Understanding the difference between quality products and knock-offs is critical if you want to avoid being ripped off. This notion applies to all industries and businesses, including debt relief companies. There are many honest and professional debt relief companies that provide quality services. However, before choosing a debt relief company or advocate to assist you with your debt relief needs, you really need to do your homework because the debt relief / credit repair industries are laden with scams.
By Thomas Mitchell -
vat return- bad debt relief help please aat unit 31?
bad debts written off during the year are
£528.75 (invoice due 15 march, goods supplied 14 feb)
£693.21 (invoice due 20 aug, goods supplied 20 july)
there invoice totals include vat
VAT control account for the oct- dec
so,in vat control account
debit vat account
bad debts relief is 78.75, (this is the correct answer,but why? what about other invoice, why is not inclued. thanks
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How would President Gingrich or President Romney magically turn the economy around? Are crooks still in charge?
It was revealed recently the Federal Reserve pumped $7.7 TRILLION dollars into the system during the financial crises. (That's approximately 11 times bigger than the official "bailout" total).
Politicians LOVE to talk about how the banks paid the bailout money back. But nobody ever talks about that $7.7 trillion. Apparently Trouble Assets Relief Program (TARP) was basically this:
Troubled = Worthless
Assets = More like liabilities since it was nothing but bad debt
Relief = Interest free loans
Program
In essence the government (well, technically the Federal Reserve) loaned out (via the "discount window") TRILLIONS of dollars to cover the bad debt at .05% interest. Some of these banks then used the money to buy U.S. Treasuries that pay about 3% interest. The banks made about $10 billion on this deal overall.
We Didn't Know About the Fed's $7.7 Trillion Loans To Wall Street
http://www.forbes.com/sites/robertlenzner/2011/11/28/we-didnt-know-about-the-feds-7-7-trillion/
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