Bad Debt

GPTKB entity

Statements (23)
Predicate Object
gptkbp:instanceOf Financial Term
gptkbp:affects gptkb:Balance_Sheet
Profit and Loss Statement
gptkbp:canBeWrittenOff Yes
gptkbp:cause gptkb:fraud
Bankruptcy
Default
gptkbp:defines A debt that is not collectible and therefore worthless to the creditor
gptkbp:example Uncollected loan
Unpaid customer invoice
https://www.w3.org/2000/01/rdf-schema#label Bad Debt
gptkbp:mayBeRecovered Through collections
gptkbp:occurredIn Banking
Accounting
Lending
gptkbp:opposedBy Good Debt
gptkbp:recordedAt Expense
gptkbp:relatedTo gptkb:Accounts_Receivable
Allowance for Doubtful Accounts
Write-off
gptkbp:taxStatus May be deductible as a business expense
gptkbp:bfsParent gptkb:Hiss_Golden_Messenger
gptkbp:bfsLayer 7