Request for instructions on writing off bad debt losses caused by debtor's bankruptcy

Xx leadership:

In 200 ×××× years, XX factory in XX city purchased * * * sets of products from our factory, and the payment was RMB * * *. Our company issues special VAT invoices in the month of sales, which are included in the accounts receivable management. Over the past few years, our factory has sent people to check with it repeatedly to urge payment, but the factory refused to pay on the grounds of non-repayment. In July this year, we received a notice from the XX Municipal Court that the factory had been declared bankrupt due to serious losses. According to the liquidation procedure stipulated in the Enterprise Bankruptcy Law, the property of the factory is only enough to pay the arrears of wages, taxes and some bank loans, but it is unable to pay the general debts. The company's finance will treat the accounts receivable of the factory as bad debt losses according to the provisions of the Accounting System for Business Enterprises.

No, please indicate.

Attachment: copy of the bankruptcy property distribution plan of XX factory.

Notice of XX Municipal Court

Company finance department

time

sun