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In the financial statements the allowance for doubtful debt balance may be debit or credit . Do you think yes or no ?

Accounting Financial Accounting US GAAP CMA
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Question added by Deleted user
Date Posted: 2016/03/24
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Syed Kamal Mujtaba
by Syed Kamal Mujtaba , Auditor , Mashal Al Zarooni & Co. CA

Allowance for doubtful debt is a contra account of Accounts Receivables. Therefore it will be Credited 

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

Allowance should be debited.....................

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