I don't know what are Bad Debts. Can someone explain with an example for me.

Detailed explination would be appreciated.


Thanks

Have a read of this:

Bad debt - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Bad_debt)

Allowance Method (http://ccba.jsu.edu/accounting/BADDEBTS.HTML) is a link that can help you with understanding how to deal with it and journalize it

Have a read of this:

Bad debt - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Bad_debt)


Thanks a lot for assisting.

Allowance Method (http://ccba.jsu.edu/accounting/BADDEBTS.HTML) is a link that can help you with understanding how to deal with it and journalize it


Thanks a lot for assisting me.