When an Account Receivable That Has Been Written Off Is

question 84

True/False

When an account receivable that has been written off is subsequently collected, the account receivable is said to be reinstated.

---

Definitions:

Acceptance

The act of receiving or approving something, often used in the context of agreements or contracts.

Differential Cost

The difference in cost between two alternative decisions or scenarios, impacting the selection of one option over another.

Differential Cost

is the change in a company's cost of producing goods or services under two different action alternatives, essentially the cost difference between two choices.

Unused Capacity

The available but not utilized production ability of a company which could potentially generate revenue if employed.