Assertion: allowance | /r/HasProperty | a contra-asset account
Facets:
Source sentences:
text: An allowance for doubtful accounts is a contra-asset account that nets against the total receivables presented on the balance sheet to reflect only the amounts expected to be paid.
text: The Allowance for Uncollectible Accounts or Allowance for Doubtful Accounts is a contra asset account that reduces the amount of accounts receivable to the amount that is more likely be collected.
text: The allowance for doubtful accounts is a contra-asset account that records the amount of receivables expected to be uncollectible.