What type of account is a Bad Debts Expense?
A)Asset
B)Contra-asset
C)Expense
D)Liability

Name: What type of account is a Bad Debts Expense? A)Asset B)Contra-asset C)Expense D)Liability
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Bad Debts Expense is a type of expense account which records the amount of money that the company expects to lose due to customers who do not pay their debts. It is not an asset, contra-asset, or liability account.

What Type of Account Is a Bad Debts Expense