Bad debts

From ACT Wiki
Revision as of 14:09, 23 October 2012 by imported>Administrator (CSV import)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

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.

See also


Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Bad_debts&oldid=4152’