Accounting For Bad And Doubtful Debts In Banks (A Study Of Union Bank Of Nigeria Plc)

Michael Okpara University | 71 pages (11014 words) | Projects
Accounting | Co Authors: NWANKWO SUNDAY

ABSTRACT

The banks in extending credit to customers are often not conscious of employing the services of professionals who can use their professional and technical expertise to evaluate the credit worthiness and capabilities of intending borrowers. In the ordinary course of lending however, banks unavoidable fall into "hard core" advances, which inevitably remain uncollectable and hence are charged against the income generated, this in turn affect the profit, total assets, divided payment and retained I. earning of the bank. Bad debt arouses feelings to banks, though all business regrettably experience it, but banks whose stock in trade is money viewed debt incidences with dread. Nevertheless, the occurrence of bad and doubtful debt can be regarded as an "untractable occupational malaise" associated with business. But for banks it has for long been contended that this dreaded and unavoidable malignant turnover should be kept within reasonable margin of the total lending portfolio of the banks.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

MICHAEL, U (2021). Accounting For Bad And Doubtful Debts In Banks (A Study Of Union Bank Of Nigeria Plc). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/accounting-for-bad-and-doubtful-debts-in-banks-a-study-of-union-bank-of-nigeria-plc-7-2

MLA 8th

UNIVERSITY, MICHAEL. "Accounting For Bad And Doubtful Debts In Banks (A Study Of Union Bank Of Nigeria Plc)" Mouau.afribary.org. Mouau.afribary.org, 16 Jul. 2021, https://repository.mouau.edu.ng/work/view/accounting-for-bad-and-doubtful-debts-in-banks-a-study-of-union-bank-of-nigeria-plc-7-2. Accessed 01 Nov. 2024.

MLA7

UNIVERSITY, MICHAEL. "Accounting For Bad And Doubtful Debts In Banks (A Study Of Union Bank Of Nigeria Plc)". Mouau.afribary.org, Mouau.afribary.org, 16 Jul. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/accounting-for-bad-and-doubtful-debts-in-banks-a-study-of-union-bank-of-nigeria-plc-7-2 >.

Chicago

UNIVERSITY, MICHAEL. "Accounting For Bad And Doubtful Debts In Banks (A Study Of Union Bank Of Nigeria Plc)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/accounting-for-bad-and-doubtful-debts-in-banks-a-study-of-union-bank-of-nigeria-plc-7-2

Related Works
Please wait...