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11 Dec 2019
A debit balance in the Allowance for Doubtful Accounts:
a. is the normal balance for that account.
b. indicates that actual bad debt write-offs have exceeded the previous provision for bad debts.
c. indicates that actual bad debt write-offs have been less than what was estimated.
d. cannot occur if the percentage of sales method of estimating bad debts is used.
A debit balance in the Allowance for Doubtful Accounts:
a. is the normal balance for that account.
b. indicates that actual bad debt write-offs have exceeded the previous provision for bad debts.
c. indicates that actual bad debt write-offs have been less than what was estimated.
d. cannot occur if the percentage of sales method of estimating bad debts is used.
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Kritika KrishnakumarLv10
30 Jan 2021