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Meaning of bad debt

Classwork Series and Exercise {Financial Accounting – SS2}: Bad debt and Provision for bad debt

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Financial Accounting, SS 2, Week 4 Topic: Bad debt and Provision for bad debt Content Meaning of bad debt Causes of bad debt Provision for bad debt Bad debt recovery Meaning of bad debt In business, traders allow credit facilities to their customers where by traders will be the creditor while the buyer becomes the […]

Classwork Series and Exercise {Financial Accounting – SS2}: Bad debt and Provision for bad debt Read More »

Classwork Exercise and Series (Financial Accounting-SS2): Bad debt and provision for bad debt

Leave a Comment / Education /

Meaning of bad debt In business, traders allow credit facilities to their customers where by traders will be the creditor while the buyer becomes the debtor. Inability to pay at the specified time makes the debt to become bad. Bad debt therefor are debts which have become irrecoverable, this arises as a result of inability

Classwork Exercise and Series (Financial Accounting-SS2): Bad debt and provision for bad debt Read More »

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