If an Account Is Collected After Having Been Previously Written

question 70

Multiple Choice

If an account is collected after having been previously written off

• A)the allowance account should be debited.
• B)only Accounts Receivable is credited.
• C)both income statement and balance sheet accounts will be affected.
• D)there will be both a debit and a credit to accounts receivable.

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Definitions:

Access

A term that can refer to the ability to obtain or retrieve information, or a Microsoft database software designed for managing and organizing data.

User Account

A personalized set of credentials and settings that grant a user access to a computer, network, or software application.

Original Folder

The initial directory or location where a file was saved or stored before any copying, moving, or modification.

Keyboard Keys

Keyboard keys are buttons on a keyboard that are pressed to input data, execute commands, or perform specific functions in software applications.