THE EFFECT OF BAD AND DOUBTFUL DEBTS ON THE LIQUIDITY OF AN ORGANIZATION
INTRODUCTION The word bad and doubtful debt is used in the banking to refer to the portion of loans, advances and over drafts granted by bank which has proved difficult and seemingly impossible to recover in full from the respective committed customer. Such debt do not emerge instantaneously but rather are a gradual result of lending errors by lending officers and subsequent improper administrative handling of the facilities among other ...
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