After Having Written Off a Customer Under the Direct Write-Off

question 88

Multiple Choice

After having written off a customer under the direct write-off method,the account will be reopened when the customer:

• A)sends the full amount to pay off the account.
• B)sends any amount to pay on their account.
• C)pays the collection bureau.
• D)none of the above

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Definitions:

Lower-Quality Substitute

An alternative option that is considered to be of lesser quality or value compared to the original or preferred choice.

Purchase Order

A form that authorizes a purchase for the practice.

Authorizes Purchase

The act of giving official permission for acquiring goods or services, typically involving a formal approval process within organizations.

Payment Schedule

A plan detailing the dates and amounts of payments to be made for a debt or service over a specified period.