what is meant by bad debt
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☑ A bad debt is a receivable that is now irrecoverable from that person who was supposed to pay the same. The reason for nonpayment by the debtors is that either they go bankrupt, have financial problems or collection by the creditors due to various reasons is not possible.
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in negative money or oweage
Explanation:If i had 2 rupees and bought 5 one rupee sweets i would owe the shop keeper 3 rupees or be in debt of 3 rupees bad debt is like thousands of rupees
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