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.
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
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.
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 >.
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