Home » Accounts (Principles of Accounts) » The term bad debt is used to describeThe term bad debt is used to describe The term bad debt is used to describe A. a debt that cannot be recovered B. a debt that is long over due C. an overcharge on a debtor’s account D. a debt owned by a former employee Correct Answer: Option A Explanation Related Posts Which of the following is not a real account? A fall or decrease in the economic service potential of an asset as a result… The rule of accounting equation requires that account payable should be placed under? Which of the following is used to record the purchase of fixed asset on credit? A business is required at par when the? A trial balance is a list of
