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Allowance for doubtful accounts is a liability account. a. True b. False

Allowance for doubtful accounts is a liability account. a. True b. False
asked 157k views
4 votes
Allowance for doubtful accounts is a liability account.
a. True
b. False

asked
User AndreyM
by
8.5k points

1 Answer

7 votes
b. false it is a negative current asset account 
answered
User Shridharshan
by
8.9k points
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