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Allowance for doubtful accounts and Allowance for accumulated depreciation are both examples of Contra accounts found on the balance sheet. Contra accounts found on the
Allowance for doubtful accounts and Allowance for accumulated depreciation are both examples of Contra accounts found on the balance sheet. Contra accounts found on the sources and uses statement. the GAAP requirement for matching revenues with expenses. accounts used in the cash basis of accounting. the accounting personnel's failure to be more vigilant in extending credit terms and buying unnecessary
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