If an account receivable of $900 charged off in 20X1 under the direct charge-off method is recovered in 20X2, in what way does accounting for the recovery differ from that used if the recovery had been made in 20X1? recovery in same year as write off is credited to Uncollectible Accounts Expense recovery in a subsequent year to write off is credited to Uncollectible Accounts Recovered both a and b are correct neither a or b is correct.

Give explanation also

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is neither a or b is ... View the full answer