Question

what is bad debt for business​

Answer 1

Answer:

Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible.

Answer 2

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.