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

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

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