Provision for doubtful debts account is a/an Options: A . &nbspAsset account B . &nbspContra asset account C . &nbspNominal account D . &nbspLiability account

Provision for doubtful debts account is a/an

Question

Provision for doubtful debts account is a/an

Options:

A . Asset account

B . Contra asset account

C . Nominal account

D . Liability account

Answer: Option B

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