When a company receives payment from a customer whose account was previously written off,the customer's account should be reinstated.

Name: When a company receives payment from a customer whose account was previously written off,the customer's account should be reinstated.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The account receivable is reinstated because a complete record of the customer's payment history may be useful if the customer requests credit again at some future date.

When a Company Receives Payment from a Customer Whose Account