What is meaning of Knitting off & Nullify in accounting terms ? 

sasasas

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Let me know in accounting definition & meaning of below words. Netting off Nullify

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Girish Suryawanshi's image
Girish Suryawanshi
March 2, 2017, 3:54 p.m.

Answers!

Maninder's image
Maninder
March 3, 2017, 6:19 p.m.

Nullify may mean Round off or Write off of a Balance

http://www.teachoo.com/5109/1272/Difference-Between-Bad-Debts-and-Provision-Bad-Debts/category/Provision-for-Bad-and-Doubtful-Debts/

 

Never heard of Knitting off

Couldnt even find it on google

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Girish Suryawanshi's image