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what is meaning of setoff?

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RAHUL KUMAR TAANK

RAHUL KUMAR TAANK (Querist)
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26 May 2010 dear sir,

i read in ca club "set off" word what is this meaning ?

will u explain?

rahul

Jigar Shah (Expert)
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26 May 2010 It means 'To counterbalance, counteract, or compensate for'

RAHUL KUMAR TAANK

RAHUL KUMAR TAANK (Querist)
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27 May 2010 i not understandsir,
please explain me in simple language.
in waiting your valuable answer.

Rahul

Jigar Shah (Expert)
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28 May 2010 To maintain equality it compensate the distribution i.e if you get 190 in grp 1 and 210 in the other, it compensates the lower marks, and allows you to club both the score to 400 by giving setoff.

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