Answered: What type of accounts are Accumulated…

What type of accounts are Accumulated Depreciation and Allowance for Doubtful Accounts? Contra Asset Equity Expense Liability Revenue

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 5Q: Which account type is used to record bad debt estimation and is a contra account to Accounts...

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Question

What type of accounts are Accumulated Depreciation and Allowance for Doubtful Accounts?

Contra Asset

Equity

Expense

Liability

Revenue

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