Allowance for Doubtful Accounts is a(n) -asset account and has a normal balance. (Enter only one word per blank.)

Allowance for Uncollectible Accounts is a contra asset account, which means that its normal balance is a credit. However, it is possible for the account to have a debit balance before year-end adjustments are recorded. Explain how this could happen.

The adjusting entry for a deferred revenue includes a debit to a(n) account and a credit to a(n) account. (Enter only one word per blank.)

A factor that causes, or "drives," an activity's costs is called a(n) . (Enter only one word per blank.)

The difference between the actual outcome and a planned result is called a(n) . (Enter only one word per blank.)

Which of the following is contra-asset account?Multiple choice question.Deferred RevenueDepreciation ExpenseAllowance for Doubtful AccountsCommon Stock