What type of account is allowance for doubtful accounts in QuickBooks?
What type of account is allowance for doubtful accounts in QuickBooks? The allowance for doubtful accounts is recorded as a contra asset account under the accounts receivable on a company’s balance sheet. What type of account is allowance for doubtful accounts? An allowance for doubtful accounts is considered a “contra asset,” because it reduces the … Continue reading What type of account is allowance for doubtful accounts in QuickBooks?
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