Offsetting is an accounting concept, which means offsetting each other, that is, offsetting erroneous accounting records so that they are eliminated within equal amounts.

To put it simply, it is to make an opposite accounting entry according to the original entry, or to make the same red entry, and to eliminate the original account or clear the account that has been recorded.

Extended information: Accounting is the basis of accounting work. Accounting must comply with the "Accounting Law of the People's Republic of China and the State Council" and the provisions of relevant financial systems, comply with the requirements of relevant accounting standards and accounting systems, and strive to ensure that accounting information is true, correct, and

Complete and ensure the quality of accounting information.

The "Accounting Law of the People's Republic of China and the State Council" clearly stipulates that the following matters must go through accounting procedures and conduct accounting calculations: 1. Receipt and payment of money and securities; 2. Receipt, increase, decrease and use of property; 3. Creditor's rights

The occurrence and settlement of debts; 4. Fund increases and decreases and fund receipts and expenditures; 5. Calculation of income, expenses, and costs; 6. Calculation and processing of financial results; 7. Other matters that require accounting procedures and accounting

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