lifeoflashay4640 lifeoflashay4640

29-09-2021
Business

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the account allowance for uncollectible accounts is classified as

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alathn9876 alathn9876

01-10-2021

Answer: contra asset

Explanation:

An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.

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