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Blocking designs are classified as ____ designs.
Contra Asset
An account on a company's balance sheet that reduces the total amount of an asset, such as accumulated depreciation.
Normal Balance
In accounting, the normal balance is the side (debit or credit) of an account that is usually increased. For example, asset accounts normally have a debit balance, while liabilities and equity accounts have a credit balance.
Direct Write-off Method
A method of accounting for bad debts that involves charging the amount of an uncollectible account directly to the expense account when it is deemed non-recoverable.
Uncollectible Receivables
Debts owed to a company that are considered to be uncollectable and are written off as a loss.
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