Solution: Which one of the following is not an accurate description of the Allowance for Doubtful Accounts? a. The account is an income statement account. b. The account is a contra account. c. The amount of

Problem

Which one of the following is not an accurate description of the Allowance for Doubtful Accounts?

a. The account is an income statement account.

b. The account is a contra account.

c. The amount of the Allowance for Doubtful Accounts decreases the net realizable value of a company's receivables.

d. The account is increased by an estimate of uncollectible accounts expense.