If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an
A.
income in the profit and loss account
B.
income in the balance sheet
C.
additional cash in the profit and loss account
D.
expense in the balance sheet
Correct Answer: Option 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, please click here
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}