| Liabilities Topics and issues related to accounting for current, and long-term liabilites. This includes accounts payable. |
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11-05-2009, 10:09 PM
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What is Circular Debt
Can someone describe a little abt Circualr Debt? What it is, which debt is called circular debt?
Hanif |
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11-06-2009, 05:28 PM
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#2 (permalink) |
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Circular debt is when, to give a three-person example, A owes B, who owes C, who owes A.
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