The Allowance for Doubtful Accounts Is

question 52

Multiple Choice

The allowance for doubtful accounts is

• A)an 'other revenue' account.
• B)a contra accounts receivable account.
• C)an 'other expense' account.
• D)a contra expense.

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Definitions:

Extrinsic Pathway

One of the pathways that initiate the blood coagulation process, triggered by external trauma that causes blood to escape from the vascular system.

Thromboplastin

A complex enzyme that triggers blood coagulation by converting prothrombin to thrombin.

Tissue Factor III

A protein that initiates blood clotting by activating coagulation cascade.

Factor VII

A protein in the blood that plays a crucial role in the clotting process, initiating the extrinsic pathway of blood coagulation.