Which Statement Is Not True in Relation to Bad Debts

question 63

Multiple Choice

Which statement is not true in relation to bad debts recovered?

• 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• D) The recovery is recorded by effectively reversing the entry originally made to write off the receivable.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:

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Conditions that affect an individual's ability to hear fully or partially, affecting one or both ears.

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A period of time during which a person refrains from using electronic devices such as smartphones or computers, aimed at reducing stress and focusing on social interactions in the physical world.

Technology Addiction

A behavioral disorder characterized by excessive or compulsive use of tech devices, leading to significant impairment or distress.

Digital Footprint

The record or trail left by the activities of an individual, company, or entity in digital environments, including internet usage, communications, and information stored online.