K: Can’t they just write it off?
J: Write if off what?
K: That’s what these big corporations do; they write things off.
J: You don’t even know what a write-off is.
K: Do you?
J: No, I don’t.
K: Well they do. And they’re the ones writing it off.
LOL!
some people think that writing off is something that makes you money or something. All it does is take money that is owed to you and now you consider it unrecoverable. It’s is no longer carried as a liability to your company.