Accounts receivable may be presented on the balance sheet without the contra account: allowance for doubtful accounts.

Question

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While it is common practice to present accounts receivable net of the allowance for doubtful accounts on the balance sheet, it is not a requirement. Companies may choose to present accounts receivable at their gross amount without deducting the allowance for doubtful accounts, though they often disclose the allowance amount in the notes to the financial statements.

Accounts Receivable May Be Presented on the Balance Sheet Without