The Balance In Allowance For Doubtful Accounts Represents The Amount A Company Thinks It Will Not Collect From A Customer

True / False Question Answer With Brief Explanation: The Balance In Allowance For Doubtful Accounts Represents The Amount A Company Thinks It Will Not Collect From A Customer

The correct answer is "True", as Allowance For Doubtful Accounts represents such an estimation of percentage of amount of Accounts Receivable or Sales that may not be recovered from customers in future.