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What is bad debt ? how does it effects on Balance sheet and
profit and loss account?
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Answer Posted / nazeer hussain.h
A bad debt is irrecoverable (i.e, cannot be realised)
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can u let me know how the bankers calculate interest on O.D.account
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hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
