An account receivable that has been written off against the allowance account
a. may be paid in cash and recorded as a receipt on account.
b. may be collected later.
c. may be reinstated by an entry that reverses the write-off.
d. All of these choices are correct.
+2
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An account receivable that has been written off against the allowance account a. may be paid in cash and recorded as a receipt on account. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » An account receivable that has been written off against the allowance account a. may be paid in cash and recorded as a receipt on account. b. may be collected later. c. may be reinstated by an entry that reverses the write-off. d.