Accountancy, asked by praduymhero805869678, 2 months ago

Q.2 The amount of credit sale which has become irrecoverable is known as

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Answered by Anonymous

22

AnswEr :

The amount of credit sale which has become irrecoverable is known as bad debt.

★ Bad debt is an irrecoverable amount from debtors when the business sold goods & services on credit.

★ It's liability for company.

★ It's shown in liability side of balance sheet.

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