Allowance for Doubtful Accounts is listed on the balance sheet under the caption:
A)stockholders' equity.
B)investments.
C)fixed assets.
D)current assets.

Question

Quizplus · Accepted Answer

Allowance for Doubtful Accounts is a contra-asset account that offsets accounts receivable, a current asset, and is therefore listed on the balance sheet as a deduction from accounts receivable accounts in the current assets section.

Allowance for Doubtful Accounts Is Listed on the Balance Sheet