Accountancy, asked by PriyanshRathod, 8 months ago

what is bad debts for business.

Answers

Answered by Anonymous

Answer:

Bad debt refers to an amount that is owed by a customer on credit that is not possible for a company to collect. Initially considered an account receivable, it can then be marked as an expense under a bad debt account.

follow me

Answered by adwaitkokate1

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. 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.

Explanation:

Previous Question

Next Question

Similar questions

Math, 4 months ago

x/x-1 + x-1/x = 2×1/2 solve for quadratic equation.

Social Sciences, 4 months ago

What was the value and significance of the feudal system in mediaeval europe.

Hindi, 4 months ago

प्रश्न: 1.निम्नलिखितपदानि विभक्त्यनुसार पृथक्-पृथक् कृत्वा रिक्तस्थानेषु लिबर। (निम्नलिखित पदों को विभक्ति के अनुसार अलग-अलग छाँटकर रिक्त स्थान 110059 चतुर्थी स्वमूल्याङ्कनपत्रम् (Self Evaluation Test) पात11-15) 25 षष्ठी ३.प्रत्येक वि #fa) Selector and write the words in columns according to the ending हे कले, इष्टका, आम्रण, मेघात्, ललाटे, विडालान्, भार्यायै, रामस्य हे जितेश, अजगरी, शुकैः,...

Math, 8 months ago

Prove that 2 + $\sqrt[3]{3}$ Is an irrational no...