What are bad debts of the business?

[Setho]

A bad debt is an occurrence in business when you lend out business money and the borrower does not want to pay the money back on time .

 

[eLdavis]

Many companies are currently facing bad debts. These are debts that the company or business are not able to get back due to one reason or the other. It could be maybe the debtor dies or is proving difficult to pay back. This is why most companies or business do not allow credits.

 

[Dowenship]

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

Bad debt is a kind of debt that couldn't bring out the result that is expected to bring but instead incure more debt to the one on ground.

 

[Setfragil]

Bad debts are very bad in business and we should try to avoid it at all cost. Bad debts are the money that customers of the business refuses to pay and has been written off or forgotten.

 

[Nurudeen]

Bad debt are debt that you incur In a business and you find it hard to repay back. In most cases this can allow a business to crumble if the Business owner isn't really careful

 

[Sotherefore]

Bad debt are debt that you incur In a business and you find it hard to repay back. In most cases this can allow a business to crumble if the Business owner isn't really careful

Bad debts is really bad for a business and it is one of the leading factors for business failure, people should not be getting loan to do anything because your business can be at the serious risks.

 

[Razor1911]

Bad debt are debt that you incur In a business and you find it hard to repay back. In most cases this can allow a business to crumble if the Business owner isn't really careful

Yes bad debt are the loans that we can't repay back. In some point of time, businesses do face some critical situations. And such bad debt are reason of this. We need to have proper management of funds to avoid such bad loans.

 

[Stylex]

What are Dept of business
Well as a business owner or business man or woman vthere are some business Dept that serves as an instance in terms of business

 

[Heatman]

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

Personally when a business is considered to be in debt, it means that such debts are not even supposed to come into question and in most cases the company has become bankrupt that it can not actually be able to be off that debt.

 

[Richard92]

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

Bad debts in a business use of estate loan that has not been paid and also credit to customers please post times generate and grow too bad debts

 

[Kelly5]

If some of your clients take products from your business or get offered some services with a promise to pay at a later date and never pays up, it is registered as a bad debt in business

 

[delnovem]

bad debt is a type of expense that occurs after repayment by a customer (when credit has been extended) is no longer considered to be collectable. In other words, bad debt is an irrecoverable receivable.

 

[kayode10]

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

bad debt comes when you obtain a loan to service and expenditure in your company. Bad debt keeps you in deep financial mess. If care is not taken it might leads to bankruptcy.

 

[Nomad]

Let say you are a whole-seller and sell your products to retailers. If some of your retailers do not pay back and if they continue to push for payment date, it is your bad debit. bad debt is the money that you have failed to collect from the market.

 

[Richard92]

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

When you see a particular business is having birth date that means the business has collected new one which it cannot be or has giving credit to customers that could not pay back.

 

[Shigobad2020]

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

There are many bad debt that always happens in business in which we failed to address and one of the debt is for a business owner to start a business with a borrowed money which will surely affect the business.

Post automatically merged: Aug 2, 2021

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

There are many bad debt that always happens in business in which we failed to address and one of the debt is for a business owner to start a business with a borrowed money which will surely affect the business.

 

[jeff87]

I much hear about bad debts of the business. What is this term and how it is treated under business principles?

Bad debts are the debts of a customer that has become uncollectible. It is a receivable that the customer is not anymore willing to pay. The problem is it is not recoverable. There is nothing more you can do but to accept the fact that you can longer get back they money that you lend to that bad customer.

 

[Tolumi]

Bad debt can simply be described as a debt that has become impossible to be recovered from the debtors again due to some factors. When a business cannot make enough money to cover a debt it is termed a bad debt. Bad debts are classified as losses for a business.

 

[Razor1911]

Bad debt can simply be described as a debt that has become impossible to be recovered from the debtors again due to some factors. When a business cannot make enough money to cover a debt it is termed a bad debt. Bad debts are classified as losses for a business.

Yes, in many cases a debt may become bad debt. Most of the time when the market moves adversely, it becomes tough for the businesses to survive. In such cases when businesses take loans may become bad loans.

 

[Tolumi]

Yes, in many cases a debt may become bad debt. Most of the time when the market moves adversely, it becomes tough for the businesses to survive. In such cases when businesses take loans may become bad loans.

Many businesses experience this during the Covid19 pandemic lockdown. A lot of banks have to offer loan restructuring in a bid to recover loans but many still end up as bad debt.