Doubtful Debts Provision Is a Contra Asset Account

question 3

True/False

Doubtful debts provision is a contra asset account.

---

Definitions:

Thyroid Hormone

Hormones produced by the thyroid gland, including triiodothyronine (T3) and thyroxine (T4), that regulate metabolism, energy generation, and overall growth.

Target Cells

Cells that are affected by specific hormones, drugs, or other substances, having receptors that bind these molecules.

Thyroxine

A substance generated by the thyroid gland that controls metabolism, the production of energy, and the processes of growth and development.

Posterior Pituitary

A part of the pituitary gland that releases hormones like antidiuretic hormone (ADH) and oxytocin into the bloodstream.