What type of account is allowance for doubtful accounts.

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asked Apr 7, 2023 96.6k views

2 Answers

Praaveen V R · Answer 1 · 2023-04-11T19:43:39+0000

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Contra Asset

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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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