When an Account Receivable That Was Previously Written Off Is

question 136

True/False

When an account receivable that was previously written off is collected, it is first necessary to reverse the entry to reinstate the customer's account before recording the collection.

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Definitions:

Resource Constraint

A limitation or restriction on the availability of resources, such as time, money, or materials, that affects the ability to achieve an objective.

Master Schedule

A comprehensive timeline that outlines the major components and milestones of a project.

Network Diagram

A visual representation of a project's tasks and their dependencies on one another, often used in project management.

Finish-Finish Relationship

A type of dependency in project management where one task cannot finish before another task finishes.