Which of the Following Methods Requires Two Entries to Record

question 167

Multiple Choice

Which of the following methods requires two entries to record the recovery of accounts receivable previously written off?

• A) direct write-off
• B) allowance
• C) Two entries are never required.
• D) Both direct write-off and allowance.

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Definitions:

Protein Cycle

The dynamic process of protein synthesis, utilization, degradation, and recycling within living organisms.

Phosphorus

A chemical element with the symbol P, essential for life, found in DNA, RNA, ATP, and phospholipids.

Sulphur Dioxide

A colorless gas with a sharp, choking smell, produced by volcanic activity or burning fossil fuels, and is a significant air pollutant.

Chlorofluorocarbon

A compound made of chlorine, fluorine, and carbon, used in refrigeration and aerosols, which contributes to ozone layer depletion.