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Nata [24]
2 years ago
8

The Allowance for Doubtful Accounts is a contra-asset account. Increases to the account (to record the period's estimated bad de

bt expense) are recorded with ______. Multiple choice question. credits debits
Business
1 answer:
Bezzdna [24]2 years ago
7 0

They are recorded as debit as Allowance for Doubtful Accounts.

<h3>Allowance for doubtful accounts </h3>

An allowance for doubtful accounts is a contra account that nets against the total receivables presented on the balance sheet to reflect only the amounts expected to be paid. The allowance for doubtful accounts estimates the percentage of accounts receivable that are expected to be uncollectible. However, the actual payment behavior of customers may differ substantially from the estimate.

KEY TAKEAWAYS

The allowance for doubtful accounts is a contra account that records the percentage of receivables expected to be uncollectible.

The allowance is established in the same accounting period as the original sale, with an offset to bad debt expense.

The percentage of sales method and the accounts receivable aging method are the two most common ways to estimate uncollectible accounts.

Learn more about doubtful accounts here :

brainly.com/question/15409074

#SPJ4

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Answer:

D. Qualitative methods

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If aggregate expenditure in an economy equals 1,000 0. 9y and full employment real gdp equals 9,000, then this economy has:_____
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<h3>What does total spending actually mean?</h3>

Aggregate expenditure, a macroeconomic statistic, is used to measure and evaluate the total amount of economic activity or output within a country. A nation's total outlays over a given time period are measured by aggregate expenditure, just as the gross domestic product (GDP) and national income.

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For more information about aggregate expenditure refer to the link:

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#SPJ4

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