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Bad debt

When a business recognises that a debt is unlikely to be repaid, the debt is written off as an expense in the profit and loss account.

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Related terms

bad debt
Financial services; General Finance

A debt that is written off and deemed uncollectible.

bad debt
Financial services; General Finance

When a business recognizes that a debt is unlikely to be repaid, the debt is written off as an expense in the profit and loss account.

bad debt
Financial services; Accountancy

A bad debt is an amount owed to a business or individual that is written off by the creditor as a loss (and classified as an expense) because the debt cannot be collected and all ...

bad debt
Law; Legal services; General law

A debt that has become uncollectable. There are different rules for tax deductions based on business, investment, and personal bad debts. A typical business bad debt might be an ...

bad debt
Accounting; General accounting

It is known that a credit customer (debtor) is unable to pay the amount due.

bad debt
Law; General law

A debt that has become uncollectable. There are different rules for tax deductions based on business, investment, and personal bad debts. A typical business bad debt might be an ...

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Financial services; Accountancy; Finance; General Finance

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