Query about finance

what is mean by written off and writing off
Replies (3)
Quick Summary
This discussion addresses common finance queries. It clarifies the meaning of 'written off' in accounting, explaining it signifies an item no longer on the books. It also covers how to determine the GST percentage on an invoice by comparing the taxable value with the total amount.

Past & present ..
Written off means no longer in books of accounts.
Writing off is creating a provision.
How to find out the rate of GST percentage in invoice bill suppose they are giving taxable value and total amount

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