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    hamidnoorzai's Avatar
    hamidnoorzai Posts: 1, Reputation: 1
    New Member

    Sep 11, 2008, 02:19 AM
    Contra account entry for cash write off
    I want to write off cash what entries should I pass in journal or what is contra account for cash write off?
    AdamUTsel's Avatar
    AdamUTsel Posts: 100, Reputation: 2
    Junior Member

    Sep 12, 2008, 09:07 AM
    Write-off cash? This does not make sense. You can write off cash due to you in the form of a receivable. But to write off cash (i.e. to say it was lost or stolen), would have to hit either a gain/loss account if the write-off affects the current period or retained earnings if it relates to a prior period adjustment.

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