Porsche's first fully electric electric production car, the Mission E, will be offered in three power levels, Britain's CAR magazine has learned. The fully electric sedan, due on sale in 2019, ...
What Is a Credit Card Debt Write-Off? When a credit card company decides that it has little or no chance of collecting a debt, it will write it off as a loss. Essentially, a credit card debt write-off is an accounting tool that allows the creditor to declare the debt a worthless asset and deduct it as a loss.
Companies use the direct write-off method when they decide there is no chance of receiving the money that a customer owes. Companies should exhaust all recovery attempts before writing off a bad debt. To write a debt off, companies debit the bad debt expense account and credit the accounts receivable account.