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    1. Business
    2. Accounting
    3. Financial Accounting & Bookkeeping
    4. Receivables
    5. Accounts Receivable
    6. Allowance Method
    7. 23205

    Allowance for collectable accounts - definition

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    The allowance for collectable accounts is a(n):
    A. Asset
    B. Contra Current Asset
    C. Expense
    D. Contra Revenue

    © BrainMass Inc. brainmass.com June 3, 2020, 5:21 pm ad1c9bdddf
    https://brainmass.com/business/allowance-method/allowance-collectable-accounts-definition-23205

    Solution Preview

    Hi there,
    <br>
    <br>Your answer is B. Here is some extra info about the allowance for doubtful accounts. It refers to an estimation ...

    $2.19

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