Why is estimated bad debts expense credited to a contra account (Allowance for Doubtful Accounts) rather than

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Why is estimated bad debts expense credited to a contra account (Allowance for Doubtful Accounts) rather than to the Accounts Receivable account? mko4

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Financial Accounting Information For Decisions

ISBN: 9780072974720

3rd Edition

Authors: John J Wild

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Question Posted: Jun 21, 2024 09:01 AM

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Why is estimated bad debts expense credited to a contra account (Allowance for Doubtful Accounts) rather than

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Financial Accounting Information For Decisions

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