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The allowance method of accounting for uncollectible receivables 2ots should keep a debit balance in the Allowance for Bad Debts account records uncollectibles as a

The allowance method of accounting for uncollectible receivables 2ots should keep a debit balance in the Allowance for Bad Debts account records uncollectibles as a bad debt expense when initially written off. requires the use of a contra liability account. O is in accordance with the matching principle + Previous Nots

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