Bad Debts

A debt that is unlikely to be repaid is called the bad debt. Bad debts are the accounts receivable that are likely to remain uncollectible and hence are written off. Bad debts are considered as the business expenses, and reduce the net income of the business.

If the bad debts are not handled efficiently and seriously they may lead to the ultimate business failure. Many business organizations or companies make the estimation of the bad debt expenses and create a bad debt allowance since it is doubtful that all the debt will be paid. Bad debts are also termed as doubtful debts.

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