If an Account Is Collected After Having Been Previously Written

question 75

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.

---

Definitions:

Environmental Risks

Potential threats and adverse impacts to the environment resulting from human activities or natural events.

Greenwashing

The practice of making misleading or unsubstantiated claims about a product, service, or company being environmentally friendly or beneficial.

Pollution Reduction

Efforts or processes aimed at decreasing the contaminants released into the environment, enhancing ecological health.

Environmentally Friendly

Practices, products, or services that have minimal negative impact on the environment and promote sustainability.