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What type of account is allowance for doubtful accounts.
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What type of account is allowance for doubtful accounts.

User Poupou
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An allowance for doubtful accounts is considered "contra asset"

Step-by-step explanation:

User Vivek Harikrishnan
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Contra Asset

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An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.

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User Praaveen V R
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