The allowance for hesitant debts account is not an revenue statemthedesigningfairy.comt account due to the fact that it has not yet bethedesigningfairy.com concerned as a negative debt expthedesigningfairy.comse which would be presented in the income statemthedesigningfairy.comt together an expthedesigningfairy.comse.

You are watching: Which of the following is not an accurate description of the allowance for doubtful accounts?

It is a contra asset account that would certainly be deducted indigenous the asset the relates to in the balance sheet(the account receivable)

So also, the is an calculation of the uncollectible part of the account receivable.

Finally, the fact it is reflected in the balance sheet means it is a balance paper account.


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