What Is the Type of Account and Normal Balance of Allowance

question 152

Multiple Choice

What is the type of account and normal balance of Allowance for Doubtful Accounts?

• A) contra asset, credit
• B) asset, debit
• C) asset, credit
• D) contra asset, debit

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Definitions:

Goal-Directed Behavior

Goal-directed behavior is behavior that is initiated and guided by intentions and plans to achieve a specific objective.

Psychological Adjustment

The process of achieving mental and emotional balance or adapting to new situations, conditions, or environments.

Career Aspirations

Individual goals or ambitions related to one's professional development and future job positions.

School Performance

The measure of educational outcomes and achievements of a school, often assessed through test scores, graduation rates, and other criteria.