Write-Off
A write-off is the accounting action of removing an asset or receivable from the books because it no longer holds value. Common examples include bad debts, obsolete inventory, or damaged assets. Write-offs reduce reported income and must be properly documented and justified for audit and tax purposes.
More Items
Working Capital Turnover
This ratio measures how efficiently a business uses its working capital to generate revenue. Calculated as Net Sales ÷ Average…
Write-Down
A write-down is a reduction in the book value of an asset when its fair market value falls below the…
Weighted Average Cost
This inventory valuation method calculates the cost of goods sold and ending inventory based on the average cost of all…
This website uses cookies to improve your experience. You can accept all or reject non-essential cookies.