When an account previously written off is collected in full, which is required to ensure the accounting for the complete payment history of the customer?.

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yeayeawhatever5125 yeayeawhatever5125

18-02-2022
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When an account previously written off is collected in full, which is required to ensure the accounting for the complete payment history of the customer?.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-02-23T10:21:37+01:00

When a bad debt is written off, the thing that should be fine is an entry to reinstate the account receivable and and entry to record payment.

What is a bad debt?

A bad debt simply means an uncollectible account expense that's unlikely to be paid by a debtor.

When an account previously written off is collected in full, to ensure the accounting for the complete payment history of the customer, it's important to reinstate the account receivable and and entry to record payment.

Learn more about bad debt on:

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