Uncollectible Accounts Expense is classified as
A)a Contra Asset on the Balance Sheet.
B)a Liability on the Balance Sheet.
C)a Contra Expense on the Income Statement.
D)an Expense on the Income Statement.

Question

Quizplus · Accepted Answer

Uncollectible Accounts Expense is recorded as an expense on the Income Statement to reflect the cost of doing business when credit sales are made to customers who do not pay their debts.

Uncollectible Accounts Expense Is Classified as