Bad and Doubtful Debt

by SuperMario
Last updated 5 years ago

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Bad and Doubtful Debt

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The Prudence Concept states that when recording an item, we must record down the possible lower option that gives a lower profit or asset value. This is applied in Bad and Doubtful Debts as we should record down possible loss

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Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

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Bad and Doubtful Debt


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