Which of the Following Is Not True About the Allowance

question 2

Multiple Choice

Which of the following is not true about the Allowance for Doubtful Accounts?

• A)It is a contra asset account.
• B)It is used instead of reducing accounts receivable directly.
• C)It is debited when uncollectible accounts are written off.
• D)It is a liability account.
• E)It is credited when bad debts expense is estimated and recorded.

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Definitions:

Sense of Self

An individual's perception of their personality traits, physical characteristics, abilities, values, goals, and roles that constitute their identity.

Unique

Being the only one of its kind; without an equal or equivalent; distinctly characteristic.

Psychosexual Development

A theory proposed by Freud that suggests individuals go through five stages of personality development tied to sexual maturation.

Erogenous Zone

An erogenous zone is an area of the body that has heightened sensitivity and can produce sexual pleasure when stimulated.