If an Account Is Collected After Having Been Previously Written

question 84

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:

GirlTrek

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Health and Well-Being

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