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    Business
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    College Accounting
  4. Exam
    Exam 15: Accounts Receivable and Uncollectible Accounts
  5. Question
    What Is the Type of Account and Normal Balance of Allowance
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What Is the Type of Account and Normal Balance of Allowance

Question 3

Question 3

Multiple Choice

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


A) Contra asset, credit
B) Liability, credit
C) Asset, debit
D) Contra asset, debit

Correct Answer:

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