Question

bad debts means in accounts​

Answer 1

Answer:

Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible. Bad debt is a contingency that must be accounted for by all businesses who extend credit to customers, as there is always a risk that payment will not be received.

Explanation:

and plz follow me ok

Answer 2

bad-debts refers to the amount that becomes irrecoverable from the debtors.

For example :- Ram has to receive Rs

15,000 from Shyam, but due to some

financial crisis, Shyam is unable to pay

the due date. So, here debtors of Rs

15,000 are proved bad for Ram.  

____________________

Hope it helps✔️

follow me✔️