Accounting treatment of written back

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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.

Daya

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

Aashok Kumar Sharma online

Aashok Kumar Sharma

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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