what are bad debts?
Answers
Answered by
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:
I hope it helps you.
please like and please mark me as branliest.
Similar questions