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the allowance for doubful accounts is adjusted

Sagot :

anthougo

The allowance for doubtful accounts is adjusted when there is a change in the amount expected to be collected from credit customers.

What is the allowance for doubtful accounts?

The allowance for doubtful accounts as a contra account of the accounts receivables usually has a credit balance.

The account reduces the total receivables on the balance sheet because it reflects the amounts estimated as a collectible from credit customers.

Thus, the allowance for doubtful accounts is adjusted when the amount expected to be collected from credit customers increases or decreases.

Learn more about the allowance for doubtful accounts at https://brainly.com/question/26498002

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