Bad debts: Difference between revisions
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In commercial terms, bad debts are a potential source of losses. | In commercial terms, bad debts are a potential source of losses. | ||
== See also == | == See also == | ||
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* [[Garnishee order]] | * [[Garnishee order]] | ||
* [[Loss]] | * [[Loss]] | ||
Revision as of 15:23, 17 June 2016
In accounting terms, bad debts are a potential source of overstatement of assets as a result of credit customers being unable to pay their debts to the company.
In commercial terms, bad debts are a potential source of losses.
