If an account is collected after having been previously written off
A)the allowance account should be debited.
B)only Accounts Receivable is credited.
C)both income statement and balance sheet accounts will be affected.
D)there will be both a debit and a credit to accounts receivable.

Question

Quizplus · Accepted Answer

When an account previously written off is collected, Accounts Receivable is debited to reinstate the account and credited to remove it, reflecting the collection.

If an Account Is Collected After Having Been Previously Written