What is write-off of dormant accounts?

Write-off of dormant accounts is the process of derecognizing the asset account and the corresponding allowance for impairment from the books of accounts and transferring the same to the Registry of Accounts Written Off (RAWO). This does not mean condoning/extinguishing the obligation of the accountable officer/debtor.

Source: Section 5.9, COA Circular No. 2016-005 dated December 15, 2016