If an Account Is Collected After Having Been Previously Written

question 184

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 balance sheet accounts will be affected.
• D) there will be both a debit and a credit to accounts receivable.

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Definitions:

Vessel Elements

Components of the xylem tissue in plants, which are elongated cells that contribute to the conduction of water and minerals.

Xylem

The vascular tissue in plants responsible for the transport of water and nutrients from the roots to the rest of the plant.

Phloem

The vascular tissue in plants responsible for the transport of nutrients such as sugars from the leaves to other parts of the plant.