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Answer in One Sentence Only. What is Bad Debts? - Book Keeping and Accountancy

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प्रश्न

Answer in one sentence only.
What is bad debts?

एक पंक्ति में उत्तर
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उत्तर

The amount that becomes irrecoverable from the debtors is known as bad debt. Bad debts are losses for a business and, therefore, are shown on the debit side of the Profit and Loss Account.

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अध्याय 2: Partnership Final Accounts - Exercise 1 [पृष्ठ ६४]

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मायकल वाझ Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
अध्याय 2 Partnership Final Accounts
Exercise 1 | Q 12 | पृष्ठ ६४
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