What is the definition of direct write off?

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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.
Simple accounting approach that immediately charges off bad debt.
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What is a write off?

Answer . write-off n. Accounting. . A cancellation of an item in account books. . The amount canceled or lost. . A reduction or depreciation of the entered value of an item. . Above retrieved from Answers.com Viper1

What is write off and write back?

A write off occurs when a customer does not pay their bill. Thecompany decides that they might never collect it and they write itoff, or take it off the books. A write back occurs when the samecustomer finally pays the bill or part of it. The amount paid isthen added back to assets.

What is the definition for direct proportional?

Direct proportional means as one value increases the other value increases as well. For example, if add mass into a plastic bag the bag will expand/stretch therefore if mass increase the streching will increase as well.. Hope you find it helpful!

What is the definition of direct democracy?

A form of Democracy in which the people as a whole make direct decisions, rather than have those decisions made for them by elected representatives.

Definition of a directional hypothesis?

A hypothesis in which the scientist predicts the direction of difference within two things being studied. Ex: Apples are juicier than pears. Not directional: There is a difference in the amount of juice between apples and pears. This is not directional because the scientist does not predict which fr ( Full Answer )

What is the definition of nouns of direct address?

A noun of direct address is a the noun for the person spoken to. For example: Mom , can John come over to do homework? It's okay John , mom said you can come over. Thank you sir . Or, Thank you ma'am . Hey mister , you forgot your change. Excuse me miss , you dropped your pen.

What is direct writing?

Direct writing is the process of writing that involves directaction, facts, or speech. Effective writing usually contains a blenof 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 a direct object?

A direct object in a sentence is the person or thing which is the"receiver " of the action of the verb. Example: I gave my dog a bone. . If we ask the question what did "I" give - the answer is bone , the direct object. . dog is the indirectobject. Example: I called a taxi for him. . Wh ( Full Answer )

Definition of direct production?

Definition from Financial Times Lexicon: . When someone produces all the things they need using their own efforts and skills, without the advantages of specialization (concentrating on producing only one product) or the division of labour (using different people to do different jobs). Direct pro ( Full Answer )

What is the definition of direct character?

INDIRECT CHARACTERIZATION - the writer reveals information about a character and his personality through that character's thoughts, words, and actions, along with how other characters respond to that character, including what they think and say about him.

What is the definition for cardinal direction?

North, South, East, and West are the Cardinal Directions The definition is one of the four principal compass points north, south, east, and west; also called cardinal point

What is the definition of direct rays?

A direct rays is when the Sun's light hits the specified part of Earth that you are observing at an exact angle of 90 0 . This means that the Sun's rays are perpendicular to the Earth; Direct rays compared to indirect rays are one of the factors for the occurrence of seasons on Earth.

Definition of directed number?

Directed Number . A number that can be positive or negative. Usually it has a positive (+) or negative (-) sign in front of it, like this: -3 (negative three) +12 (positive twelve) But posiitve numbers often leave the "+" sign off, so "3" is really "+3".

Definition of cardinal directions?

Cardinal directions are the four main points of a compass: north,south, east, and west which are also known by the first letters:N,S,E, and W.

Definition for cardinal directions?

The Cardinal directions are: North, East, South, and West . North representing 0° or 360° . East representing 90° . South representing 180° . West representing 270°

What is the definition for direct technique?

Lobbying and providing election support are two important direct techniques used by interest groups to influence government policy. In other words: any method used to interact with government officials directly to further the groups goals.

What is the definition of stage directions?

Stage directions are the instructions given to an actor or actressto indicate the tones and movements they should use for each scene.They are also given to the crew so they know which props and lightsgo where at which times.

What is a the definition of a direct conflict?

Direct conflict is when something opposes another thing or person.Products produced by a company can be in direct conflict if theyare very similar and they are purchased by the same target market.

Definition of direct and indirect tax?

Direct taxation is defined as the tax which is directly levied on the citizens of a country. All individuals and business concerns have to pay direct taxes to the government on a regular basis. These direct taxes are calculated on every source of income that accrues to the business of individual.. ( Full Answer )

What is the definition of direct development?

it means when they hatch they are very tiny,but they are otherwise like their parents and they get larger,but they don't go through other major changes

Definition of direct relief?

Direct relief is cash payment or food supplied by the government to the poor or needy.

Definition of direct democracy?

A direct democracy is a form of democracy (government) in which the \npopulation has an immidiate and direct say in the actions of the \ngovernment as opposed to representation through an elected official \n(indirect democracy)where the voting poulations chooses the governing \nbodies course of acti ( Full Answer )

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 name on the board. . to trace or form (characters, letters, words, etc.) on the surface of some material, as with a pen, pencil, o ( Full Answer )

Definition of direct linking loader?

A Direct linking loader is a general relocating loader and is the most popular loading scheme presently used.This scheme has an advantage that it allows the programmer to use multiple procedure and multiple data segments.In addition, the programmer is free to reference data or instructions that are ( Full Answer )

Definition of direct observation?

Direct observation means looking at it with your own two eyes, feeling it with your fingers (or other body parts), directly hearing it with your ears or directly tasting it with your tongue. Indirect observation means not sensing the object of observation directly but by observing the effects it has ( Full Answer )

What is definition of inverse and direct proportion?

Direct proportion means as the independent variable increases, the dependent variable increases, and vice versa. Inverse propostion means just the opposite. As the independent variable increses, the dependent variable decreases, and vice versa.

What is the definition of direct SQUARE proportion?

In a nonlinear graph showing the relationship between two variableswhere one is related o the second power of he other. This will nobe in a straight line, but will curve upward and it is known asdirect square proportion.

What is the definition of direct map scales?

A direct map scale is defined as being a chart used to show theratio between the distance shown on the map and the actualcorresponding distance that is found on Earth. A direct scale isoften represented by a scaled down size of one andeighty-thousandth of the actual size.

What is the definition of direct and indirect characters?

Indirect characterization is the process by which the personalityof a fictitious character is revealed through the character'sspeech, actions, appearance. Direct characterization is the processby which the personality of a fictitious character is revealed bythe use of descriptive adjectives, phrases ( Full Answer )

What is the best definition of a direct object?

The person or thing that felt the action in a sentence. He fed his DOG . You kissed your WIFE . I read a BOOK . He built a SHED . They all watched the MOVIE , and then asked QUESTIONS .

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 expensed in the period of the sale. Giving credit to customers helps to generate sales (if this were not the case, the firm wou ( Full Answer )

Why does the direct write-off method of accounting for bad debts usually fail to match revenues and expenses?

Direct write-off normally does not match because the revenue from the sales was reported in an earlier period. It affects the revenues and expenses in the period it is written off in. If a company has many credit sales then it would be better to instead estimate an allowance for uncollectible credit ( Full Answer )

What the definition of technical directions?

Its s kind of guidance you provide for a subordinate in order to apply technical skills to comeup with good design or helping others technically to get work done.

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 its negation leads to an absurdity or contradiction b : not straightforward and open : deceitful c ( Full Answer )

What is the definition of ing direct canada?

ING Direct Canada is a Canadian bank owned by ING group, a European banking group. It was founded in Canada in 1997 as an alternative, no-fee, high interest banking services provider.

What is the definition of directed line segments?

we all know, a line segment is a portion of line with two fixed points A and B , but this segment has no specific direction i. e AB and BA are both line segments but if we give direction to this line segment suppose from A to B, then it becomes directed line segment, which is also called as vector ( Full Answer )

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 be uncollectible). The allowance method is a set-aside wherein a business can retroactively assign bad debts to the correspo ( Full Answer )

What is the definition of foreign direct investment?

Foreign direct investment is a phrase used in the United States to describe investment in the United States by foreign citizens. This is often achieved through the purchase of stocks.

What is the best definition for direct democracy?

A direct democracy is a system in which every citizen has an equal say and the right to vote on every decision that needs to be made. A specific type of democracy where all decisions are made directly by the body of citizens and not through elected representatives.

What is the definition of direct cost?

These are those costs which are necessar for production of goodsand without these costs it is not possible to manufacture units ofproducs to be sold.