Difference between write off and waive off
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write off is mark out from balance sheet totally that account
waived off is keep aside the account for sometime to make balance sheet for clear view as that account not use in work for some time
waived off is keep aside the account for sometime to make balance sheet for clear view as that account not use in work for some time
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The primary difference between write off and waive off of loans is that a loan write-off is an action taken by the lender when the chances of loan recovery are almost zero and the bank wishes to maintain a clear record of the unrecovered loan amount in their balance sheets.
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