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I know that unpaid lunch charges are considered bad debts, however, I did not know if we should consider uncollectible “returned checks” as a bad debt?

April 26, 2017bad Charges debt debts lunch returned checks uncollectible unpaid

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I know that unpaid lunch charges are considered bad debts, however, I did not know if we should consider uncollectible “returned checks” as a bad debt?

1 Answer

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According to Jim Jones, Assistant Commissioner of Finance, the answer is “yes.” Uncollectible returned checks are considered a bad debt.