Question

What are bad debts?

help

Answer 1

Heya...mate..!!

Bad debt is the money which becomes irrecoverable from the debtor.

Hope it helps..✌️✌️

Answer 2

Hi mate
SARVESH is here ----

A bad debts
is a monetary amount owned to a creditor that is unlikely to be paid and or what the greatest is not willing to take action to collected the money because of various reason as may The debtor may not have money to pay.

or

It is a debt which can not be covered.

for example due to a company goings into liquidation or insolvency.

I hope helps you