by: Admin_LouisPosted on:

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

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

Answer is A

Related posts:

  1. What is the cardinal rule of the double entry system?
  2. What is the cost of goods sold?
  3. Goodwill appears in the books of a business only if it has been
  4. The expenditure on a good or services which is consumed either immediately or within a current accounting period is called

Leave a Reply

MEET OVER 2000 NOUN STUDENTS HERE. 

Join us for latest NOUN UPDATES and Free TMA answers posted by students on our Telegram. 

OUR ONLINE TUTORIAL CLASS IS NOW ON!!! JOIN US NOW. 
JOIN NOW!
close-link
%d bloggers like this: