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Allowance for uncollectible account falls under what classification in a balance sheet?  Current asset, current liability, etc

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Allowance for uncollectible account falls under what classification in a balance sheet?  Current asset, current liability, etc

 

 

 

 

 

 

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Allowance for uncollectible Accounts: This is a contra asset account to the Accounts Receivables account that reduces the asset balance, and report the net realizable accounts receivable val...

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