If an Account Receivable Written Off During the Current Year

question 97

True/False

If an account receivable written off during the current year is subsequently collected during the current year, the write-off entry is reversed.

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Definitions:

Increasing

Describes a situation where there is a growth or rise in a particular variable, measure, or quantity over time.

Constant

A fixed value that does not change.

Slope

A measure of the steepness or incline of a line, represented as the ratio of the vertical change to the horizontal change between two points on the line.

Vertical Axis

The vertical number line of a graph along which values of the y-variable are measured; also referred to as the y-axis.