Bad Debt: Bad debt is debt that has a minimal chance of being collected by the creditor. Bad debt is often written off or sold to a collections agency. If you are struggling with...
Balance Sheet: A balance sheet is a financial statement that summarizes a company’s financial position at a specific point in time. It reports on a company’s assets, liabilities, and equity, providing a snapshot of...
Bill of Lading: A legal document between the carrier and shipper with the terms and description of the goods being shipped by the carrier. Here’s an example: This Bill of Lading is issued by ABC...
