Business Terms and Jargon Explained

What is Bad debt

This is where a debtor in the balance sheet does not pay an outstanding debt and it is foreseeable that they will never pay. The sum seems non-recoverable and is written off as an expense in the profit and loss account.

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Current Liability Regressive Tax Term deposit
Cost Unit Net Pay N119 Civil Court form
Service mark SHA1 Equity Release
Birr Audit Report Restraint of trade
Resource Allocation Authorised Operator Locked box
Co-Decision - EU Acquittal Fiscal Territory
Bailment Route to the Market Cable Modem
Tax Form - P46 Barrister Marginal Cost Pricing
Principal Place of Business Autoregressive Registry
Counsel Deregistration Nisi
Defragmentation Tailwinds Plaintiff
Default Interest N6 Civil Court form Dumping
HMAC Per curiam Receiver

Term created / updated 2005-07-16 23:12:15

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