Question

what is Bad Debts...........????


Answer in One Sentence please. ​

Answer 1

Hello Mate ❤️

Bad Debts ;

Answer:

=> An Amount which is irrecoverable from a particular Debtor is known as "Bad Debts".✨✨✨

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Answer 2

A bad debt is a monetary amount owed to a creditor that is unlikely to be paid and, or which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.