Which one of the following is a TRUE statement for accounts receivables?

a) Allowance for Doubtful Accounts is a contra liability account.

b) If a company uses the allowance method to account for uncollectible accounts, the entry to write off an uncollectible account only involves balance sheet accounts.

c) Cash realizable value is determined by subtracting Allowance for Doubtful Accounts from Net Sales.

d) Under the allowance method, Bad Debt Expense is debited when an account is deemed uncollectible and must be written off