Whats the difference between loss and bad debts in accounts?

Loss is in business that is in totality means total expenses exceeds total income . In particular Bad Debts refers to defaulters in paying money to the firm.

loss is not a gain on sales of product or selling price lower than cost price and bad debts are the money which debtors cant pay on time thus company declares bad debts which in some cases are recovered

BAD DEBTS IS THOSE EXPENSES WHICH IS MAINTAINED FOR THOSE ACCOUNT RECIEVABLES WHICH COMPANY THINK THAT THE MONEY WAS NOT RECOVERED FROM.

LOSS IS WHILE COMPANIES EXPENSES EXCESS OVER INCOME.

Anything sold below cost price is loss whereas from the sold items if money is outstanding and almost certain that the amount will not be received/ paid then it is bad debts.

Loss is the excess of expenditure over revenue whereas bad debts refers to receivables that has exceeds its credit period and all efforts coupled with reliable data proofs that such amount can not be received or claimed.

Expenses more than revenue is called Loss and Bad Debt is the amount which is not yet paid by the buyer. Eventually, Bad Debts are write-off and treated as expenses in P&L. 

In business various kind of losses occurs due to bad decision and lack of market knowledge.  the loss are categorized into two :

operation loss : company products didn't recover it's cost and resulted into operation loss.

book loss : assets value carrying more than market value are impaired are called book loss.

 

bad debts : The receivable amount which is noncollectable are treated as bad debts and do companies take provision on receivable to be on safe side to record bad debts expense uniformly every year.

Loss means your expenses are more than your earnings. And bad debt means any company or firm bankrupt, in this case all recieable from that company will be bad debts.

While 'loss' may mostly be conceived as the net difference (negative) in expenses incurred resulting from economic transactions to the value in income (actual or perceived) resulting from same transactions, 'bad debt' - on the other hand - arises when an account receivable is no longer economically viable to be considered a claim; which informs why provisions are made for debts when they become doubtful.

bad debts arises when a company is not sure whether they will recover their receivables whereas in loss you are sure that the amount cannot be rccovered

Loss is declared LOSS! Bad debts are risk of LOSS!