write off bad debts

См. также в других словарях:

• write off — /ˌraɪt ɒf/ verb to cancel a debt, or to remove an asset from the accounts as having no value ● We had to write off £20,000 in bad debts. ♦ two cars were written off after the accident the insurance company considered that both cars were a total… …   Dictionary of banking and finance

• direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes …   Accounting dictionary

• direct write-off method — In the USA, the procedure of writing off bad debts as they occur instead of creating a provision for them. Although this practice is unacceptable for financial reporting purposes, it is the only method allowed for tax purposes …   Big dictionary of business and management

• allowance for bad debts — A reduction in the value of *accounts receivable. One or more *general ledger accounts are used to record allowances for bad debts, which represent the value of accounts receivable whose ultimate collection is in doubt. The allowance may be for… …   Auditor's dictionary

• write — W1S1 [raıt] v past tense wrote [rəut US rout] past participle written [ˈrıtn] ▬▬▬▬▬▬▬ 1¦(book/article/poem etc)¦ 2¦(letter)¦ 3¦(form words)¦ 4¦(state something)¦ 5¦(music/song)¦ 6¦(computer program)¦ 7¦(a computer records something)¦ …   Dictionary of contemporary English

• write — [rīt] vt. wrote, written, writing [ME writen < OE writan, to scratch, engrave, write, akin to Ger reissen, to tear < IE base * wer , to tear off, scratch > Gr rhinē, a rasp] 1. a) to form or inscribe (words, letters, symbols, etc.) on a… …   English World dictionary

• bad debt — see debt Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. bad debt I …   Law dictionary

• Bad debt — A bad debt is an amount that is written off by the business as a loss to the business and classified as an expense because the debt owed to the business is unable to be collected, and all reasonable efforts have been exhausted to collect the… …   Wikipedia

• write — Sell an option. Applies to derivative products. Bloomberg Financial Dictionary * * * write write [raɪt] verb wrote PASTTENSE [rəʊt ǁ roʊt] written PASTPART [ˈrɪtn] 1. [intransitive, transitive] to form letters or numbers with a pen or pencil …   Financial and business terms

• write sth off — Ⅰ. UK US write sth off Phrasal Verb with write({{}}/raɪt/ verb (wrote, written) ► ACCOUNTING, FINANCE to accept that an amount of money has been lost, for example, from a bad investment or a debt that will never be paid, and show it as a loss in… …   Financial and business terms

• bad debt — A debt that is written off and deemed uncollectible ( uncollectible account). Bloomberg Financial Dictionary * * * bad debt bad debt ➔ debt * * *    When a business recognizes that a debt is unlikely to be repaid, the debt is written off as an… …   Financial and business terms