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:

Counseling Psychologist

A professional in psychology who focuses on facilitating personal and interpersonal functioning across the lifespan, addressing emotional, social, vocational, educational, health-related, developmental, and organizational concerns.

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A professional who studies how individual traits and patterns of thought, emotion, and behavior form personalities.

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