If an Account Is Collected After Having Been Previously Written

question 104

Multiple Choice

If an account is collected after having been previously written off,

• A) the allowance account should be debited.
• B) only the control account needs to be credited.
• C) both income statement and statement of financial position accounts will be affected.
• D) there will be both a debit and a credit to accounts receivable.

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Definitions:

Hyperglycemia

A condition characterized by higher than normal levels of glucose (sugar) in the blood.

Hyperglycemia

A condition characterized by high levels of glucose in the blood, often associated with diabetes and requiring management of sugar intake.

Bloodstream

The flow of blood within the circulatory system of a body.

Skin Cancer

A common form of cancer that develops in the cells of the skin, often due to overexposure to ultraviolet radiation from the sun or tanning beds.