Encyclopaedia of Accounting

ISBN: 9781330277386 出版年：2016 页码：502 George Lisle Forgotten Books

As the book debts are incapable of absolute verification, they are seldom included among the assets taken over on an amalgamation, unless a guarantee by the vendors to make good any shortage on the certified list be also taken. A common alternative is for the purchasing company to collect all debts due to the several vendors, and to pay over the amounts to these parties under deduction of a percentage as commission for collection.