The balance in the Allowance for Doubtful Accounts is considered under which of the following approaches?

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The allowance for doubtful accounts is a contra asset account that represents the estimated amount of accounts receivable that are expected to be uncollectible. As such, it is reflected on the balance sheet as a deduction from accounts receivable. The balance sheet approach considers the allowance for doubtful accounts as a part of the company's overall financial position. The income statement approach and the direct write-off approach are not relevant for calculating the balance in the allowance for doubtful accounts.

The Balance in the Allowance for Doubtful Accounts Is Considered