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Accounts receivable that are written off should not be turned over to a collection agency.

1) True
2) False

User Unclexo
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1 Answer

7 votes

Final answer:

Accounts receivable that are written off can be turned over to a collection agency.

Step-by-step explanation:

The statement is false. When an accounts receivable is written off, it means that the company has deemed the amount as uncollectible and recorded it as a loss on their financial statements. However, this does not mean that the company cannot still try to collect the amount owed by turning it over to a collection agency.

User Unwired
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