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Dishonoured notes receivable must always be written off. True False A credit balance in the Cash Short and Over account appears on the OA. income
Dishonoured notes receivable must always be written off. True False A credit balance in the Cash Short and Over account appears on the OA. income statement as other revenue OB. balance sheet as a current liability C. balance sheet as a current asset OD. income statement as a miscellaneous expense The direct write-off method of recognizing bad debts usually results in assets being overstated on the balance sheet. True False
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