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    hazem_bekhet's Avatar
    hazem_bekhet Posts: 2, Reputation: 1
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    #1

    Jul 12, 2009, 03:09 AM
    Inventory write off
    What is the meaning of inventory write off
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Jul 12, 2009, 04:49 AM

    The meaning of inventory write off is to
    reduce the value of your existing inventory.
    The obsolete stock can be put in the dust-bin or literally sent to the tip.
    When valuing the left over inventory referred to as Closing Stock the write off is automatically taken care of.
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