What would you like to do?

Definition of direct write off?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

Direct write off means, to expensed out those accounts receivables to profit and loss account which becomes bad debts and seem unrecovrable from debtors. Other way to write off bad debts is through "Allowance for uncollectable" method which is indirect method to write off bad debts.
Thanks for the feedback!
1 person found this useful
Thanks for the feedback!

What is direct writing?

Direct writing is the process of writing that involves direct  action, facts, or speech. Effective writing usually contains a blen  of direct and indirect writing styles.

What is the definition for direct democracy?

Direct democracy is where all voting members vote publicly such as by a show of hands, or standing to be counted. As such it is publicly known how a person voted.

What is the definition of write?

  to trace or form (characters, letters, words, etc.) on the surface of some material, as with a pen, pencil, or other instrument or means; inscribe:EXAMPLE Write your nam

Why is the direct write off method not accepted by GAAP?

There are two reasons why the direct write-off method is not allowed. First, applying the matching principle implies that the cost of the uncollectible accounts need to be exp
In Grammar

What is the definition of in direct?

: deviating from a direct line or course : roundabout (2) : not going straight to the point (3) : being or involving proof of a proposition or theorem by demonstration that i

How are bad debts accounted for under the direct write off method?

Direct write-off does not correspond to the time of the initial debt. It charges bad debts against revenue for the current accounting period (i.e. when the debt is proven to b