Accountancy, asked by dondee86, 1 year ago

What Is The Classification Of Allowance For Uncollectible Accounts?

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Answered by Sonalibendre

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The allowance for doubtful accounts. The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company's balance sheet, and is listed as a deduction immediately below the accounts receivable line item. This deduction is classified as a contra asset account.

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