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23 August, 18:36

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.

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Answers (1)
  1. 23 August, 19:19
    0
    Answer: D

    Explanation:

    Total assets changes when an account is written off under the allowance method.
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