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    Using Financial Accounting
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    Exam 7: Receivables and Investments
  5. Question
    Which One of the Following Is an Accurate Description of Allowance
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Which One of the Following Is an Accurate Description of Allowance

Question 117

Question 117

Multiple Choice

Which one of the following is an accurate description of Allowance for Doubtful Accounts?


A) Contra account
B) Liability account
C) Revenue account
D) Expense account

Correct Answer:

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