Re: What is meant by "P&L writeoff"?

Posted by patti (198.81.26.170) on March 20, 2003 at 08:56:03:

In Reply to: What is meant by "P&L writeoff"? posted by Axman on March 20, 2003 at 08:32:41:

ax, I believe the P&L is where they use it on their taxes for a break. If you'll notice on some validation letters, it asks if this account has been used in any tax deduction or insurance claim.

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