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If a bad debt previously written off is subsequently repaid, the amount collected is ...
Classroom
Accounts - Principles of Accounts Classroom
Jamb
Jamb 1994
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If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
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
Show Answer
Show Explanation
Correct Answer:
Option A
Explanation:
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