The Collection of an Account That Had Been Previously Written

question 13

Multiple Choice

The collection of an account that had been previously written off under the allowance method of accounting for uncollectible accounts

• A)will increase income in the period it is collected.
• B)will decrease income in the period it is collected.
• C)requires a correcting entry for the period in which the account was written off.
• D)does not affect income in the period it is collected.

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Definitions:

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