The normal balance of the account "Allowance for Uncollectible Accounts" is a _______ because _______.
A) Debit;it is a contra account to Revenue (a credit account)
B) Credit;it is a contra account to Accounts Receivable (a debit account)
C) Debit;it is an expense in the income statement
Correct Answer:
Verified
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A)An expense account.
B)A
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