itzmaddie05 itzmaddie05

18-05-2022
Business

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differentiate between bad debt and doubtful debt

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leysmxth leysmxth

18-05-2022

answer and explanation :

A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.

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