Debate regarding about of
MPR Sanjay Kumar (3118 Points)
08 November 2021
what is mean by write off and written off in accounting?? give some examples...
2 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5148 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
(3118 Points)
Replied 08 November 2021
Dear sir in ledger account what describes to and what describes by
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