Accountancy, asked by akansha2511, 11 months ago

Bad debts is which type of account ?

Answers

Answered by duak9847

Answer:

A company will debit bad debts expense and credit this allowance. The allowance for doubtful accounts is a contra-asset account within accounts receivable, which means that it reduces the loan receivable account when both balances are listed in the balance sheet.

Explanation:

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