I much hear about bad debts of the business. What is this term and how it is treated under business principles?
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Bad debts is money loaned out to that are not returned.I much hear about bad debts of the business. What is this term and how it is treated under business principles?
I much hear about bad debts of the business. What is this term and how it is treated under business principles?
I much hear about bad debts of the business. What is this term and how it is treated under business principles?
Sometimes you can borrow people money with the hope of getting the money back with profit but it turned out that you couldn't get the money back, neither the profits. Such borrowings could be bad debts. The loans you took from banks that became unprofitable at the end of the day could also be bad debt.I much hear about bad debts of the business. What is this term and how it is treated under business principles?