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What are bad debits?
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Answer / b.narasimha rao
WHICH AMOUNTS ARE NOT RECOVERED FROM CUSTMER
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Answer / satyaki_raju@yahoo.com
Accounts receivable that proves to be entirely or partially
uncollectable despite collection efforts
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / atif
It is debts instead of debits. The amount which is not
recoverable from debtors is called bad debts.And it has to
be eliminated from receivables by passing an adjusting entry
at the end of a financial year.
| Is This Answer Correct ? | 2 Yes | 0 No |
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