Bad Debt Expense

A business is always at risk so many times, one of these risks is offering goods and services on credit to customers who may likely fail to pay up. It’s a personal choice for a business to write off certain unpaid customer invoices. However, a business can be left with no choice but to write-off unpaid invoices and render them as bad debt when a customer is no longer able to pay a debt or no longer responds to calls regarding unpaid invoices. Writing off debts may cost your business, however, it prevents you from overstating your revenue and earnings…
Source: Bad Debt Expense

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