The account Allowance for Doubtful Accounts is classified as a(n)
A)liability.
B)contra account to Bad Debt Expense.
C)expense.
D)contra account to Accounts Receivable.

Name: The account Allowance for Doubtful Accounts is classified as a(n) A)liability. B)contra account to Bad Debt Expense. C)expense. D)contra account to Accounts Receivable.
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

Allowance for Doubtful Accounts is a contra account to Accounts Receivable, used to estimate the amount of receivables that may not be collected.

The Account Allowance for Doubtful Accounts Is Classified as A(n)