Examlex
GDP
Direct Write Off Method
An accounting practice where uncollectable accounts receivable are directly removed from the books when deemed uncollectible.
Direct Write-off Method
An accounting practice where uncollectible accounts receivable are directly written off against income at the time they are deemed unrecoverable.
General Journal
The general journal is an accounting ledger in which all types of transactions are initially recorded before they are posted to specific accounts in the general ledger.
Direct Write Off Method
An accounting method where uncollectible accounts receivable are written off directly against income at the time they are deemed uncollectible.
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