Home > Term: write-off
write-off
The reduction or removal of an asset amount. For example, an account receivable will be removed or written off if the customer is not able to pay the amount owed to the company.
- Part of Speech: other
- Industry/Domain: Accounting
- Category: General accounting
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Creator
- MaryK
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(V.I.P) 16107 points - 100% positive feedback
(Greece)
