Banking
Card Fraud Loss — Write-Off
Writing off a fraudulent card transaction that cannot be recovered from the merchant.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Card Fraud Loss (Expense) | Expense (+) | 2,500.00 | - |
| Credit Card Receivables (Fraudulent) | Asset (-) | - | 2,500.00 |
💡 Accountant's Note
Card fraud losses not recoverable through chargeback are expensed immediately. Fraud management through real-time monitoring, 3D Secure, and EMV chip technology is critical to controlling this cost.
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