The Statement That Is not True in Relation to Bad

question 25

Multiple Choice

The statement that is not true in relation to bad debts recovered is:

• A)The accounts receivable should be re-established to maintain a complete history of the customer's activity and restore their credit rating
• B)The entry to reinstate the accounts receivable is debit Accounts Receivable and credit Bad Debts Recovered
• C)The entry made following reinstatement of the account receivable to record the recovery is debit Bad Debts recovered and credit Accounts Receivable
• D)The recovery is recorded by effectively reversing the entry originally made to write off the receivable

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Definitions:

Reaction

A reaction in chemistry is a process in which substances, known as reactants, undergo chemical changes to form new substances called products.

Major Organic Product

The primary product formed in the highest yield during an organic chemical reaction, often the focus of synthetic strategies.

Reaction

A process leading to the transformation of chemical substances into other substances through the reorganization of atoms or the change in their bonding.

Cyclohexanone

A six-membered cyclic ketone, notable for its use in the production of nylon and as a solvent.