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
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