What does it mean when a business does a write off?
Love is the battery of life....
It reffers in most cases to debts that it's clear that the person who owes it can't pay the dept and has no peoperty to get hold (to pay that dept). So insread of keeping the dept it's better to write it off (to erase / delete it).
Got an answer for Alva? Would you like to comment on the posted answers, or vote for the one which you think is the best?
Sign up for a free account, or sign in (if you're already a member).
Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them