Lesson60 seconds
What is Bad Debt?
Money customers owed you that you now believe you will never collect.
Step 1 of 9
Simple Definition
Bad debt is an receivable that is unlikely to be collected, recognized as an expense or against an for doubtful accounts.
Explanation level
Tap a persona to hear the same idea in a totally different voice.
Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.
Notebook
Your notes
Notes save automatically on this device
Knowledge graph
Done Here Next