Which Statement Is Incorrect

question 47

Multiple Choice

Which statement is incorrect?

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

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Definitions:

Pseudostratified Ciliated Columnar Epithelium

A type of epithelial tissue composed of irregularly shaped cells that appear to be stratified but are actually a single layer with cilia on their surface, commonly found lining the respiratory tract.

Goblet Cells

are mucus-secreting cells found in the epithelial linings of respiratory and intestinal tracts, helping to protect and lubricate the surfaces.

Epithelial Tissue

One of the four basic types of tissue, forming the protective covering or lining of many body surfaces and cavities.

Visceral Pleurae

The visceral pleurae is a membrane that covers the lungs and dips into the spaces between the lobes, forming part of the pleural sac that aids in optimal lung function.