Is allowance for doubtful accounts a liability?

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1153733

2026-05-30 07:30

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No an asset

it is created as an deduction from acc. rec. and acc. rec. is counted as an asset which is Dr. and so Allowance f d.d. is counted as an Cr. but its not a liability.

if it must be counted as an asset or liability, u can treat it as an opposide of asset.

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