The Allowance for Doubtful Accounts Is a Contra Account to Accounts

question 54

True/False

The allowance for doubtful accounts is a contra account to accounts receivable and has a normal credit balance.

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Definitions:

Simplify Expression

The process of performing all possible arithmetic operations within an expression to reduce it to its simplest form.

Distributive Property

A property in algebra that allows for the multiplication of a single term and two or more terms inside a set of parentheses.

Coefficients

Numbers or constants placed before and multiplying the variables in an algebraic expression, indicating their relation.

Simplify

The process of making an expression or equation easier to understand or solve by reducing its complexity.