In order to keep accurate records about the collection of cash for a previously written off account,collection of cash for a previously written off account,a business should re-establish the Accounts Receivable by debiting the receivable account.

Question

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By re-establishing the Accounts Receivable and debiting the receivable account, the business is acknowledging the collection of cash for a previously written off account and updating their records accordingly.

In Order to Keep Accurate Records About the Collection of Cash