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AB wrote off a $500 debt owed by CD last year During the current year...

AB wrote off a $500 debt owed by CD last year During the current year CD has paid the $500 in full AB has debited the bank account with S500.

Where would the credit entry for this receipt be recorded?

A.

Allowance for receivables

B.

Irrecoverable debts expense

C.

Sates ledger control account

D.

Receivables account of CD

CIMA BA3 Summary

  • Vendor: CIMA
  • Product: BA3
  • Update on: Jul 29, 2025
  • Questions: 393
Price: $52.5  $149.99
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