What are bad debts?
help
Answers
Answered by
9
Heya...mate..!!
Bad debt is the money which becomes irrecoverable from the debtor.
Hope it helps..✌️✌️
Bad debt is the money which becomes irrecoverable from the debtor.
Hope it helps..✌️✌️
aradhyamehra1:
thanks it is helpful
welcome
hm
Answered by
27
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
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
Similar questions