Ask Question
27 May, 21:50

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

+1
Answers (1)
  1. 27 May, 21:58
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers