Accountancy, asked by sumeeNaham12092005, 6 months ago

what are bad debts?​

Answers

Answered by jhanvichampawat
7

Answer:

It is an expense that a business incures once the repayment of credit previously extended to the customers is estimated to be uncollectible .

It is a contingency that must be accounted for byall business who extent credit to customers , as there is always a risk that payment will not be received.

Explanation:

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