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    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

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    https://brainmass.com/business/allowance-method/allowance-collectable-accounts-definition-23205

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

    $2.49

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