Ask Question
4 September, 07:06

What is the normal balance for the allowance for doubtful accounts (debit or credit), and why?

+4
Answers (1)
  1. 4 September, 09:57
    0
    The allowance for doubtful accounts has a normal credit account.

    This account is a contra-asset account. Since assets have a normal debit balance, this account would have a normal credit balance.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the normal balance for the allowance for doubtful accounts (debit or credit), and why? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers