Accountancy, asked by mohith2124, 1 year ago

what do you mean by baddebts?


mohith2124: ???

Answers

Answered by NaneetMander
2
it is the amount owned by creditor which is not paid 

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Answered by VatsalSatija
1
Bad debts are the debts which the business / proprietor cannot recover. For example: if a debtor rejects to pay back money for the goods he has taken on credit , then the debt cannot be recovered and is recorded as bad debt
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