debts

Government Debt and Deficits Government debt is the stock of outstanding IOUs issued by the government at any time in the past and not yet repaid. Governments issue debt whenever they borrow from the public; the magnitude of the outstanding debt equals the cumulative amount of net borrowing that...

A loan (or security) that ranks below other loans. In the event of bankruptcy, subordinated debt holders receive payment only after senior debt claims are paid in full

I want to know that .....how P&G record their Bad Debtslike Income statement method or balance sheet method...plz help me urgently