Which of the Following Statements Is Incorrect

question 9

Multiple Choice

Which of the following statements is incorrect?

• A) A debt is bad as soon as the receivable has passed its due date.
• B) Bad debts are a cost of selling on credit.
• C) An outstanding debt may be turned over to a collection agency.
• D) Bad debts should be deducted as an expense in the same accounting period in which the credit sale is recognised.

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Definitions:

Massage

The manipulation of the body's soft tissues to relieve muscle tension, reduce stress, and promote overall health and well-being.

Approaches

Methods or strategies used to address issues or achieve goals.

Mental and Physical Fitness

A state of health and well-being in both the mind and the body.

Tai Chi

A form of Chinese martial arts characterized by slow, deliberate movements, meditation, and focused breathing techniques, often practiced for health and relaxation.