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    Financial Accounting
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    Exam 8: Reporting and Analyzing Receivables
  5. Question
    The Normal Balance and Type of Account for the Allowance
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The Normal Balance and Type of Account for the Allowance

Question 104

Question 104

Multiple Choice

The normal balance and type of account for the Allowance for Doubtful Accounts is


A) debit, contra-asset.
B) credit, asset.
C) credit, revenue account.
D) credit, contra-asset.

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