1.0The Training Place of Excellencehttps://www.thetrainingplace.org/blogttpAdminhttps://www.thetrainingplace.org/blog/author/ttpadmin/rich600338<blockquote class="wp-embedded-content" data-secret="CFKfxT4JoD"><a href="https://www.thetrainingplace.org/blog/2021/02/bad-irrecoverable-debt/">Bad/Irrecoverable debt</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.thetrainingplace.org/blog/2021/02/bad-irrecoverable-debt/embed/#?secret=CFKfxT4JoD" width="600" height="338" title="“Bad/Irrecoverable debt” — The Training Place of Excellence" data-secret="CFKfxT4JoD" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.thetrainingplace.org/blog/wp-includes/js/wp-embed.min.js </script> BAD/ IRRECOVERBLE DEBT Bad debt is an amount owed to a business which may not likely be paid by the debtor, having exhausted all possible means of chasing for the payment. Hence, such amounts need to be written off the books of accounts and should not continue to be presented within the debtors amounts as ... Read More