Question on: SS1 Accounting - Bad Debts And Provision For Bad Debts: Meaning
What are bad debts?
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A
Amounts owed by a business to its suppliers
B
Amounts owed to a business by its customers that are unlikely to be paid in full
C
Expenses incurred by a business on repairing its equipment
D
Costs associated with shipping products to customers
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Correct Option: B
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