A write-up is an accounting procedure used to make an adjustment to an account. The purpose of a write-up is to bring the account balance up to its correct value. This is done by adding the missing amount to the account. For example, if an account has a balance of $100 and it should have a balance of $1,000, the write-up would add $900 to the account.
What is an example of write up? In accounting, a write up refers to the act of increasing the value of an asset on the balance sheet. For example, if a company purchased a piece of equipment for $1,000 and the estimated useful life of the equipment is 10 years, the company would spread the cost of the equipment over the 10-year period by recording depreciation expense of $100 per year. However, if the company later determined that the equipment actually had a useful life of 15 years, the company would need to "write up" the equipment by increasing its value on the balance sheet to reflect the longer useful life. As a result, the company would record lower depreciation expense in future years. What is another word for write-up? Assuming you are asking for a noun meaning "a summary of something written," the word "write-up" can be replaced with the word "recap."
What is another word for written off?
There is no one definitive answer to this question. Depending on the context in which it is used, "written off" could mean any number of things.
In general, though, "written off" usually refers to an expense or liability that has been removed from a company's books. This could be because the expense has been paid, the liability has been eliminated, or for any other number of reasons. What is a write-off document? A write-off document is a formal notice from a company to an employee or vendor that a debt owed is being written off as uncollectible. This notice is typically sent after repeated attempts to collect the debt have failed. The notice may also be sent to inform the recipient that the company no longer expects to be repaid and that the debt has been written off for accounting purposes. Can inventory be written up? Yes, inventory can be written up. This means that the value of the inventory is increased from its original cost. The write-up is usually done when the inventory is sold. The rationale behind writing up inventory is to account for the fact that the inventory may have increased in value since it was purchased.