When an Account Receivable That Has Been Written Off Is

question 1

True/False

When an account receivable that has been written off is subsequently collected, the account receivable must first be reinstated before recording the receipt of payment.

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Definitions:

Plate Tectonics

A scientific theory explaining the movement of the Earth's lithospheric plates and the associated phenomena such as earthquakes.

Reserves of a Mineral

Quantities of a mineral that are known to exist with a reasonable degree of certainty and can be recovered economically with the existing technology under current economic conditions.

Earth's Innermost Zone

The Earth's core, which is the central part of the Earth below the mantle, consisting of a solid inner core and a fluid outer core primarily made of iron and nickel.

Smelting

The process of extracting a metal from its ore by heating and melting, often using a chemical reducing agent.