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What is bad debt ? how does it effects on Balance sheet and
profit and loss account?

Answer Posted / rajeev chaturvedi

Bad debts means in the end of financial year , the amount
which does not received from debtors.
its shows the loos has been increased & debtors has been
decreased . So debited the p& l Account . & credited the
debtors.

Is This Answer Correct ?    6 Yes 0 No



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