How pass write off entry?

expenses ac Drasset a/c

When the Company decide to write off the fixed asset, the following entries will be passed: Dr. Accumulated Depreciation Dr. Loss on Asset written off (if any) Cr. Fixed Asset ( at cost) The company...

That really depends, I think more information is required to answer the question. Can you explain what happened the the asset and what kind of asset it is specifically? Yes - a loan made some years...

Since we are referring to a "note" payable, more than likely you will have paid interest on the note. Although it will be similar to paying off other payable accounts, there is the difference of...

write-offn. Accounting. ## A cancellation of an item in account books. # The amount canceled or lost. A reduction or depreciation of the entered value of an item. Above retrieved from Answers.com...