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Why Do We Write Off?

Reasons why we perform write off.

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    Write off is provided for the bad debts. The debts which could not be collected back imposes permanent liability on the company. So then these are written off at the end.
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    Aicha  

    answered 2 years ago

      If you are referring to losses ie money etc. When you file your income tax you file it in the loss column even household items if there was a loss you write the value in the loss column on your IRS tax form.....the best to you
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      Bgirl525  

      answered 5 months ago

      A write off is a loss to the person, that is writing something off.....and you write it off as in money because you are sure you will nerver get the money back or as in loss of a item you had to spend money to replace it.....the best to you
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      Bgirl525

      Bgirl525

      commented 5 months ago

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