Glossary
Technical Foundations
Write-Off
When an asset is deemed to have no value i.e. has no convertible cash or trade-in value or is obsolete; or when an account receivable is deemed to be uncollectible, a company will write it off.
Write-Off
When an asset is deemed to have no value i.e. has no convertible cash or trade-in value or is obsolete; or when an account receivable is deemed to be uncollectible, a company will write it off.