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    L_Breezy's Avatar
    L_Breezy Posts: 3, Reputation: 1
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    #1

    Aug 9, 2005, 12:20 AM
    Where do these Accounts go?
    I have to prepare financial statements for an assignment and I was wondering on which statements these accounts are relevant and reported and what are they classified as(revenue, expense, liability, asset etc. )

    Provision for Loss
    Accumulated Depreciation
    Allowance for Doubtful Accounts

    Any help would be appreciated. Thanks in advance.
    lnguyen's Avatar
    lnguyen Posts: 5, Reputation: 1
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    #2

    Aug 9, 2005, 10:13 AM
    Provision lost is classified as Expense
    Accumulated Depreciation is a Contra-Asset, so it belongs to Assets.
    lnguyen's Avatar
    lnguyen Posts: 5, Reputation: 1
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    #3

    Aug 9, 2005, 10:16 AM
    Provision lost- Expense (income statement)
    Accumulated Depreciation is a Contra-Asset, so it belongs to Assets. (B/S)
    Allowance for Doubtful Accounts: Assets (B/S)
    (A/R less: allowance for doubtful acct.)

    HOPE THIS HELP.
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