ok31 ok31
  • 01-04-2019
  • Business
contestada

What is the normal balance for the allowance for doubtful accounts (debit or credit), and why?

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MrsSeifried MrsSeifried
  • 02-04-2019

The allowance for doubtful accounts has a normal credit account.

This account is a contra-asset account. Since assets have a normal debit balance, this account would have a normal credit balance.

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