English, asked by bhagvatsinghrajput75, 7 months ago

std11account what is bad debt for business

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Answered by Anonymous

4

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.

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