Accountancy, asked by kasukadri1, 5 months ago

what is bad debt for business in one word

Answers

Answered by ItzShrestha41

Explanation:

an accounting term for money owed to a company by customers or borrowers which is highly unlikely to be paid because, for example, a customer has become insolvent. Such bad debts are written off against the PROFITS of the trading period as a business cost.

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