Economy, asked by rishilaugh, 1 year ago

Difference between write off and waive off

Answers

Answered by úñèëk
0
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
Answered by DARKIMPERIAL
3

Answer:

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.

Explanation:

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