The Balance in the Allowance for Doubtful Debts Account Represents

The balance in the allowance for doubtful debts account represents:

A) bad debts written off in the current accounting period
B) liquid funds available to meet losses arising from customers becoming insolvent
C) an amount that is deducted from the Accounts receivable account to reduce it to the estimated realisable value
D) bad debts written off as accounts receivable considered uncollectable.