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Which of the following is not true about the Allowance for Doubtful Accounts? It is a contra asset account. It is used instead of

Which of the following is not true about the Allowance for Doubtful Accounts? It is a contra asset account. It is used instead of reducing accounts receivable directly. It is debited when uncollectible accounts are written off. It is a liability account. It is credited when bad debts expense is estimated and recorded.

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