If a bad debt previously written off is subsequently repaid, the amount collected is recorded...
FINANCIAL
JAMB 1994
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: A. income in the profit and loss account
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