Rationale for writing off bad debt
The article outlines requirements for form and content of new document named as Justification for write-off irrevocable debt. For achieve this goal, requirements of regulations and the information needs of users were explored. On the result of these researches, the Justification for write-off irrevocable debt was created and recommended for use. All possible options Justification's content was made during this development, especially based on the reasons recognition debts as irrevocable as well as debtor's legal status. The drafting of the Justification by specially created commission was proposed. The usage of authors recommendations on the form and contents of Justification will avoid claims from organs of control and information needs of users will meet with the maximum degree. It is completely corresponding to accounting principle of rationality.