he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account estimated bad debts from the adjusting entry write-offs of specific customers sales discounts and allowances

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05-07-2022
Business

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he Allowance for Doubtful Accounts T-account will have the ______ on the credit side. Multiple choice question. sales on account estimated bad debts from the adjusting entry write-offs of specific customers sales discounts and allowances

Sagot :

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Gauravsingh23VTidn Gauravsingh23VTidn · Answer 1 · 2022-07-14T06:42:54-04:00

The Allowance for Doubtful Accounts T-account will have the write-offs of specific customers sales discounts and allowances on the credit side.

What is Doubtful Accounts?

It lowers the value of an asset—in this case, the accounts receivable—the allowance for dubious accounts is referred to as a "contra asset."

The allowance, also known as a bad debt reserve, is management's projection of the amount of accounts receivable that customers will not pay.

Thus, option B is correct.

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What is Doubtful Accounts?

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