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The write off has cost Wonga some £220 million.
Proper accounts receivable management includes periodic analyses of older receivable balances and the write off of balances where amounts are determined to be uncollectible.
Similar(58)
In future, the CMS is expected to have the powers to write off the debts if the NRP dies or if the PWC agrees to the write-off.
The bill under consideration would allow them to write off the value of those broadcast rights from their income, while stretching out the write-off on player contracts.
But the write-off won't come easy.
What's more, the write-off is technically voluntary.
— Repealing the write-off for interest paid on business debt.
The write-off was applauded by development groups.
The write-off is recorded in Scottish government accounts.
The write-off reflects some of the company's expensive dotcom acquisitions.
The news of the write-off has barely scratched the stock.
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