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|Bulgarian to English translations [PRO]|
|Bulgarian term or phrase: отписани задължения|
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Write off: To transfer an item that was an asset to an expense account (for example, to transfer an uncollectable account receivable to bad debts expense).
Liability:The Liabilities of a business are the debts of a business. For example, if money is borrowed from a bank, there is a liability to repay the loan. In this case, the borrower would be known as the debtor and the bank to which the debt is owed would be called the creditor.
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