Debate regarding about of
MPR Sanjay Kumar (3101 Points)
08 November 2021
what is mean by write off and written off in accounting?? give some examples...
MPR Sanjay Kumar (3101 Points)
08 November 2021
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(3427 Points)
Replied 08 November 2021
The difference between a write-off and a write-down is just a matter of degree. A write-down is performed in accounting to reduce the value of an asset to offset a loss or expense. A write-down becomes a write-off if the entire balance of the asset is eliminated and removed from the books altogether.
written off means 1 : to eliminate (an asset) from the books : enter as a loss or expense write off a bad loan. 2 : to regard or concede to be lost most were content to write off 1979 and look optimistically ahead — Money also : dismiss was written off as an expatriate highbrow
MPR Sanjay Kumar
(3101 Points)
Replied 08 November 2021
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