Accountancy, asked by virendrapandey8469, 9 months ago

What is bad debt for business

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Answered by Anonymous
5

Answer:

Explanation:

Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible. Bad debt is a contingency that must be accounted for by all businesses who extend credit to customers, as there is always a risk that payment will not be received.

Answered by sanjay827700kumar
1

Answer:

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