Is allowance for uncollectible accounts an asset?

Is allowance for uncollectible accounts an asset? Allowance for Uncollectible Accounts Definition Allowance for uncollectible accounts is a contra asset account on the balance sheet representing accounts receivable the company does not expect to collect. Is allowance for uncollectible accounts a current asset? Allowance for Doubtful Accounts is a contra current asset account associated with … Continue reading Is allowance for uncollectible accounts an asset?