What is write-Off?
Correct answer: A. Charging an asset amount to expense of loss
- A. Charging an asset amount to expense of loss
- B. To forget
- C. To withdraw
- D. None of these
Explanation
A write-off removes an asset’s unrecoverable value from the accounts by charging it to an expense or loss. It is an accounting treatment, not simply forgetting or withdrawing something.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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