You have written off a customers account several months or


Question - You have written off a customer's account several months or even several years ago. Today the customer walks into your store and wants to pay this old account. Do you take the customer's money? How do you account for this situation? What journal entries would you make?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: You have written off a customers account several months or
Reference No:- TGS02364847

Now Priced at $20 (50% Discount)

Recommended (95%)

Rated (4.7/5)