Opposite Of Write Off In Accounting - Difference Between Write Off And Write Up

Opposite of Write Off in Accounting is Write Up.

Difference Between Write Off And Write Up

Write Off is the reduction in the value of an Asset i.e., when it has zero market value or becomes obsolete and provides no future economic benefits to the business during any accounting period.

Write Up is an increase made to the carrying value or book value of an asset due to the increase in the market value of the asset, especially in case of  acquisition of the business in order to restate the value of Assets and Liabilities to the fair market value.