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Bad debt provision is an account that banks maintain so that the percentage of outstanding loans that will not ever be paid back can be covered. This is similar to the bad debt reserves that many companies keep with the …
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Bad debt provision is an account that banks maintain so that the percentage of outstanding loans that will not ever be paid back can be covered. This is similar to the bad debt reserves that many companies keep with the …
In business ledgers, debt is often categorized as account receivables. Most debt is eventually paid. However, some portion is not. Small business debt recovery can be a huge headache for many companies. The majority of small businesses have a bad …