When All of the Cash for an Account Previously Written

question 3

Multiple Choice

When all of the cash for an account previously written off under the direct write-off method is unexpectedly collected,the correct entry would be:

• A)debit Bad Debt Expense and credit Accounts Receivable.
• B)debit Accounts Receivable and credit Bad Debt Expense.
• C)debit Cash and credit Accounts Receivable.
• D)dependent on the period in which the cash was collected.

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Definitions:

Work Responsibilities

The specific tasks, duties, and obligations assigned to an individual or team as part of their job role, essential for the organization's operations and goals.

Personal Affairs

Matters related to an individual's private life, including personal finances, relationships, and health, which can influence their work life and well-being.

Flexibility

Flexibility in the workplace refers to the ability to adapt to changes and new demands, whether in terms of work arrangements, tasks, or thinking, fostering innovation and resilience.

Results-based Approaches

Strategies focused on achieving specific outcomes or goals, often assessed through measurable performance indicators.