Accounting
This query is : Resolved
28 January 2009
Can any one please explain me with example the difference between written back and written off and also its treatment in accounting ?
30 January 2009
Write off means booking expenses. For example u writee off debtors as it has become bad debts...
PL a/c ... dr
To Debtors
Write back is booking profit. It means reversing all ready the written off item or reversing excess provision
PL a/c ... dr
To Debtors
Write back is booking profit. It means reversing all ready the written off item or reversing excess provision
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