writeoff

Meanings

• verb

  The act of canceling or eliminating an amount or debt from an account.

---

Variants

List of all variants of writeoff that leads to same result
write-off , write-offs , write off , writes off , writing off , written off , wrote off , write off for , write off for (something) , write off for something , writes off for (something) , writing off for (something) , written off for (something) , wrote off for (something)

---

Etymology

origin and the way in which meanings have changed throughout history.

The term 'writeoff' originated from the accounting practice of physically writing off or canceling an entry in the accounting records.

---

Trivia

Any details, considerations, events or pieces of information regarding the word

1. Writeoffs were first used in the early days of accounting to physically write off or cancel entries on paper ledgers.

2. In some cases, writeoffs can be controversial, as they can impact a company's reported financial performance.

---

Related Concepts

informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

1. Accounting: Writeoffs are a fundamental concept in accounting and financial reporting.

2. Expenses: Writeoffs are a way to recognize and record certain expenses.

---

Culture

Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

Writeoffs are commonly used in business and accounting to adjust the balance sheet and income statement. They can be used to account for various expenses, such as bad debts, obsolete inventory, or losses.

How to Memorize "writeoff"

1. visualize
   

   - Imagine crossing out or canceling an entry in an accounting ledger to represent a writeoff.

2. associate
   

   - Associate the word 'writeoff' with the idea of eliminating or canceling.

3. mnemonics
   

   - Use the mnemonic 'Write Off = Eliminate Debt' to remember the meaning of writeoff.

---

Memorize "writeoff" using Dictozo

The best and recommended way to memorize writeoff is, by using Dictozo. Just save the word in Dictozo extension and let the app handle the rest. It enhances the memorization process in two ways:

1. Highlighting:

   Whenever users encounters the saved word on a webpage, Dictozo highlights it, drawing the user's attention and reinforcing memorization.
2. Periodic Reminders:

   Dictozo will send you periodic reminders to remind you the saved word, it will ask you quiz. These reminders could be in the form of notifications or emails, prompting users to recall and reinforce their knowledge.