What is the type of account and normal balance of Allowance for Doubtful Accounts?

A) contra asset, credit
B) asset, debit
C) asset, credit
D) contra asset, debit

Allowance for Doubtful Accounts

A method used in accounting to estimate the portion of accounts receivable that may not be collected.

Contra Asset

An account that is used to reduce the value of a related asset, such as accumulated depreciation reducing the book value of fixed assets.

Normal Balance

The side (debit or credit) of an account that is expected to have a higher balance, indicating the side which increases the account.