Accounting treatment of written back


This query is : Open 

Quick Summary
A 'written back' entry in accounting refers to re-establishing an asset or liability that was previously written off. This process involves adjusting the Profit and Loss account to reflect the re-instated item. It's the opposite of writing off, which closes or reduces an account.

(Querist)
01 October 2023 what is written back and what is treatment in accounting.

01 October 2023 Writing off means to close or reduce the account of fictious assets and writing back means taking into account again the asset or liabilty earlier written off

https://www.caclubindia.com/forum/difference-between-write-off-and-write-back-11097.asp

RAJA P M (Expert)
01 October 2023 Written back will be treat under Profit and Loss...


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