Well, First of all, there is a Debt. If getting paid in time, it is a Good Debt. And if not got paid, it became Bad Debts. What is Debt? The company sells on credit to its customers and allows them some time as a credit period to pay off their dues, which is called a debt owed by a Debtor/purchaser to its Creditor/supplier/provider of service. What is Bad Debt? There are some customers/debtors who taken the supplies on credit and after some time due to some reason…
Continue Reading.....Bad Debts | Bad Debts Accounting
