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Title: Once an Account Receivable is written off, can a business ever collect that money? Post by: tivo on Feb 20, 2017 Once an Account Receivable is written off, can a business ever collect that money?
A) No, GAAP does not allow a company to collect any amounts from a customer who has had an account written off. B) Only when using the direct write-off method can a company collect from a customer who has had an account written off. C) Only when using the allowance method can a company collect from a customer who has had an account written off. D) Both the allowance and direct write-off methods permit a company to collect from a customer who has had an account written off. Title: Re: Once an Account Receivable is written off, can a business ever collect that money? Post by: largerthanlife on Feb 20, 2017 Content hidden
Title: Re: Once an Account Receivable is written off, can a business ever collect that money? Post by: tivo on Apr 10, 2017 Amazing, that's all I can say
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