Jul 2, 2025 · What Is a Write-Off? When a business has unreceived payments, unpaid loans, or lost inventory, it creates an accounting entry known as a write-off to record these losses.

Apr 27, 2025 · What is a Write Off? A write-off is the formal recognition that an asset no longer has value, resulting in its removal from a company's accounting records. It typically occurs …

The meaning of WRITE-OFF is an elimination of an item from the books of account. How to use write-off in a sentence.

Dec 19, 2024 · What is the Difference Between a Write-Off and a Write-Down? A write-off eliminates an asset's remaining value, while a write-down reduces its book value when the …

In business accounting, the term "write-off" is used to refer to an investment (such as a purchase of sellable goods) for which a return on the investment is now impossible or unlikely. The …

Guide to what is Write-Off and meaning. We discuss the writing-off of bad debts, car loans, student loans, and taxes from journal entries.

Aug 7, 2022 · The term write-off or expense-off refers to the “elimination of an asset from the financial books” when it is no longer valuable to the business.

write-off noun [C usually singular] (WASTED TIME) a period of time during which you fail to achieve anything:

Nov 1, 2025 · Definition: A write-off completely removes an asset from the books because its value is considered unrecoverable. In contrast, a write-down reduces the book value of an …

A write-off removes financial losses and lowers taxable income. Learn how it works, its impact, types, tax benefits, and how businesses apply it.