If a bad debt previously written off is subsequently repaid, the amount collected is recorded…

Accounts - Principles of Accounts JAMB 1994

If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an

  • income in the profit and loss account checkmark
  • income in the balance sheet
  • additional cash in the profit and loss account
  • expense in the balance sheet

The correct answer is: A

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment