What does it mean to write off expenditures by bank card transfer?

The money transferred and the money spent cancel each other out.

Write-off is the concept of accounting, which means to offset each other, that is, to offset the wrong accounting records so that they can be eliminated within the same amount.

To put it simply, it is to make an opposite accounting entry according to the original entry, or to make the same red-ink entry, erase the original account or clear the account.

Extended data

In accounting processing, write-off is a job in which two factors are the same and the reasons are the same, but two entries formed by bookkeeping errors are hedged, so that the original errors are dealt with.

Find the cause of the wrong account and the corresponding account, then hedge the wrong account positively and negatively, and then make the correct account, such as "+1" and "-1", which means hedging, and it will be even, and everything will be zero, and then make the correct entry to the even account.

Neutralization intervention, also known as sterilization intervention, is one of the important policies of the government to manage the exchange rate, also known as sterilization policy. It means that the central bank trades foreign and domestic assets in the same amount but in opposite directions to offset the impact of foreign exchange intervention on the domestic money supply.

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