Bad Debt

What does it mean? Bad Debt is debt that is not likely to be settled either due to failure in repayment by the borrower or due to no action to recover the debt from the collector. Bad Debt is mostly written off as uncollectible, which can impact the borrower’s credit score drastically.  Points to remember […]

Balance Sheet

A balance sheet is a financial statement of an institute or company’s assets on one side and liabilities on the other side. The statement also includes financial aspects like total debt and shareholders’ equity capital along with the assets and liabilities. Points to remember A balance sheet is usually calculated after every quarter, a six-month […]