If a bad debt previously written off is subsequently repaid, the amount collected is recorded…

If a bad debt previously written off is subsequently repaid, the amount collected is recorded as an
  • A.
    income in the profit and loss account
  • B.
    income in the balance sheet
  • C.
    additional cash in the profit and loss account
  • D.
    expense in the balance sheet
Correct Answer: Option A
Explanation
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