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help with accounting/bad debt expense?


THe Allowance for Bad Debts is contra to which of the following accounts?
A. accounts receivable
b. bad debt expense
c. cash
d. Sales

Which one is correct?

538 day(s) ago

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Answers (4)

MDcpa05 		Read this...

http://www.google.com/search?hl=en&q=Allowance+for+Bad+Debts+is+contra+to+&btnG=Google+Search

And you will find your answer

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vinwubulldogs 		A. Accounts Receivable

The allowance for bad debts is also know as the "allowance for doubtful accounts". Allowance for doubtful accounts is a company's estimate of how many customers are going to default on their bills. That is why it is a contra to accounts receivable.

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vinwubulldogs 		I think A because it reduces your debtors

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SteinS 		cash

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