When an Account Receivable That Was Previously Written Off Is

question 136

True/False

When an account receivable that was previously written off is collected, it is first necessary to reverse the entry to reinstate the customer's account before recording the collection.

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Definitions:

Cranial Cavity

The space within the skull that houses and protects the brain.

Dorsal Cavity

A hollow space within the body that includes the cranial and vertebral cavities, housing the brain and spinal cord.

Feedback Mechanism

A regulatory process in biological systems where the output or result influences the activity of the process itself, often maintaining homeostasis.

Negative

Often referring to a lack or absence of a specified substance, condition, or entity in various contexts, such as test results.