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bad debt |
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bad debtBill or debt which has not been paid and is most unlikely to be paid. Bad debts eventually have to be ‘written off’ on the profit and loss account. They are counted as a provision and are deducted from the account. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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posted forecast-beating first half profits as it kept a tight rein on bad debts and made cost savings across the business. South African mass market lender African Bank Investments Limited (Abil) on Monday forecast a steady year ahead with a decline in bad debts and posted an 11-percent fall in full-year profit as recession hit consumer spending. Bad debts affect small businesses more than large businesses Large businesses have the buffer to survive bad debts while small businesses do not |
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