ABSTRACT
Bad debts are
those debts that can no longer he collected. It is normal business occurrence
that some debts will go bad. The amount of such debts (losses) are debited to
the profit and loss account and credited to debtors account (Okechukwu, 2003).
The functions of deposit money banks in Nigeria include the following;
acceptance and safe keeping of deposits, granting loans and advances to
customers, money transmission, consultancy services; hut the one that has a
great impact on [lie ccononiic development is granting of loans and advances.
Bad and doubtful debts have being prevailing features in our banks today due to
the high rate of loans and advances. However giving of credit is universal,
though in making credit available, deposit money banks are rending a great
social service through their actions; 1 I .1 production is increased in recent
years, there has been great concern on the management of banks assets and
liabilities because of large-scale I financial distress the experience of
management indicate that regulation I and supervision are essential for stable
and healthy system and that the need becomes greater as the number and variety
of institutions increase I the banking sector has being singled out specially
because of the vital I role banks play in the economy.
UKPIA, V (2021). Effects Of Bad And Doubtful Debts On The Performance Of Deposit Money Bank In Nigeria . Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effects-of-bad-and-doubtful-debts-on-the-performance-of-deposit-money-bank-in-nigeria-7-2
V., UKPIA. "Effects Of Bad And Doubtful Debts On The Performance Of Deposit Money Bank In Nigeria " Mouau.afribary.org. Mouau.afribary.org, 29 Jun. 2021, https://repository.mouau.edu.ng/work/view/effects-of-bad-and-doubtful-debts-on-the-performance-of-deposit-money-bank-in-nigeria-7-2. Accessed 01 Nov. 2024.
V., UKPIA. "Effects Of Bad And Doubtful Debts On The Performance Of Deposit Money Bank In Nigeria ". Mouau.afribary.org, Mouau.afribary.org, 29 Jun. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effects-of-bad-and-doubtful-debts-on-the-performance-of-deposit-money-bank-in-nigeria-7-2 >.
V., UKPIA. "Effects Of Bad And Doubtful Debts On The Performance Of Deposit Money Bank In Nigeria " Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effects-of-bad-and-doubtful-debts-on-the-performance-of-deposit-money-bank-in-nigeria-7-2