Which One of the Following Is an Accurate Description of Allowance

question 117

Multiple Choice

Which one of the following is an accurate description of Allowance for Doubtful Accounts?

• A)Contra account
• B)Liability account
• C)Revenue account
• D)Expense account

---

Definitions:

OCONs

is not a commonly recognized key term, likely intended to represent a specific acronym or term within a specialized field. Without more context, a definition cannot be provided accurately.

Function Blocks

Predefined program instructions in PLCs and other control systems used to perform specific tasks, like mathematical operations or logic functions.

Output Reference

A term used in computing or digital systems to specify a reference or location from where output data or signals are derived or sent to.