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spin [16.1K]
3 years ago
11

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?.
Business
1 answer:
Lyrx [107]3 years ago
4 0

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.

<h3>What is a bad debt?</h3>

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:

brainly.com/question/24871617

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If inflation in the U.S. is projected at 3% annually for the next 5years and at 7% annually in Turkey for the same time period,
GrogVix [38]

Answer:

6.86011 Turkish liras per US dollar

Explanation:

US's inflation 3% for the next 3 years

Turkey's inflation 7% for the next 3 years

current Lira/Dollar spot rate (L/$) = 5.6702 (liras per dollar)

  • inflation rate US = (1 + 0.03)⁵ = 1.159274
  • inflation rate Turkey = (1 + 0.07)⁵ = 1.402552

difference = 1.402552 / 1.159274 = 1.20985 x current spot rate = 1.20985 x 5.6702 = 6.86011

Since the Turkish inflation rate is higher than the American inflation rate, then the Turkish lira will depreciate faster than the US dollar.

5 0
3 years ago
If people's trust in the banking system is reduced due to a surge in bank failures, the money expansion resulting from a new dep
rewona [7]

Answer:

b) decline

Explanation:

If people's trust in the banking system is reduced due to a surge in bank failures, the money expansion resulting from a new deposit will <u>decline</u>. This happens because people lost trust and hastily withdrawn their money deposited with the bank.

4 0
3 years ago
Fill in the blank with one of the following words: bacteria, fungi, parasites, viruses.
denis23 [38]

Answer:

Corona and china

3 0
3 years ago
After submitting a résumé electronically, how long should you wait before following up with an employer? a. 1-2 days b. 1-2 week
bekas [8.4K]

A resume is brief information of a person’s education, previous experience, and qualifications to send along with job application. After the submission of the resume by the person through the mail, he should hold for at least 1 week before following up with the employer.

<h3>Submitting a résumé electronically</h3>

Correct option is C.

People should you wait for at least "2-3 days" before following up with an employer.

  • After submitting a resume by mail, you should wait one week before following up with an employer. It is necessary to give ample time for the resume to make it in the mail and a chance for the company or individual to review your resume.

  • It typically takes 2-3 business days for an item to travel by mail so calling 1 day later or 2-3 is likely too soon whereas, 2 weeks may be too long.

Learn more about résumé, refer to the link:

brainly.com/question/1965656

3 0
2 years ago
Which definition(s) of the money supply include(s) only items which are directly and immediately usable as a medium of exchange?
Gala2k [10]
The definition of money supply which include only items which are directly and immediately usable as medium of exchange is M1. Money supply refers to the entire stock of currency and other liquid assets that are circulating in a particular economy at a particular period of time.  
M1 include cash and checking deposits which are very liquid in nature and are suitable as medium of exchange. 
7 0
3 years ago
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