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bad debt

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bad debt

Bill 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.
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Severn said it had "worked hard" to hold bad debt levels at 2.
Bad debt controls boost firm's profits; COMPANIES TODAY: UTILITIES by The Journal (Newcastle, England)
Bad debts affect small businesses more than large businesses Large businesses have the buffer to survive bad debts while small businesses do not Bad debts affect small businesses more than large businesses.
Collection Services - A Blessing for Small Businesses and a Crucial ... by Daljeet Sidhu / Business community
Third-quarter figures from the UK's two top banks yesterday revealed a hike in underlying profits so far this year thanks to strong investment banking performances and an improving picture for bad debt charges.
Bank debt woes ease as loan losses fall; Barclays and HSBC stay upbeat by Daily Post (Liverpool, England)
 
 
 
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