When making sales, there are costs that may be incurred in the future; an example of a cost is bad debts.

Name: When making sales, there are costs that may be incurred in the future; an example of a cost is bad debts.
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Question

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Bad debts refer to the risk that a customer may not pay for goods or services that have already been sold. This is a cost that may be incurred in the future as the seller may have to write off the amount owed as a loss.

When Making Sales, There Are Costs That May Be Incurred