Question: Match the term on the left to the appropriate classification or description on the right. - A. B. C. D. Allowance for doubtful accounts -

Match the term on the left to the appropriate classification or description on the right.

- A. B. C. D.

Allowance for doubtful accounts
- A. B. C. D.

Net accounts receivable
- A. B. C. D.

Contra-revenue
- A. B. C. D.

Net revenues
A.

A contra-asset representing future expected write-offs of accounts receivable

B.

An account that is debited for sales returns or sales discounts
C.

Gross revenues minus contra-revenues
D.

The amount of cash the firm expects to collect from accounts receivable

The allowance for doubtful accounts

a.

is an expense account.
b.

is credited (increased) when a company recognizes bad debt expense.
c.

is credited (increased) when a company writes off accounts receivable.
d.

is a contra-revenue accoun

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