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?

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Financial Accounting Information For Decisions

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Authors: John J. Wild

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Question Posted: Jul 19, 2024 10:03 PM

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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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