The Allowance for Doubtful Accounts

question 119

Multiple Choice

The Allowance for Doubtful Accounts:

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

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