QUESTION 25 Give three examples of property, plant and equipment.

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QUESTION 25 Give three examples of property, plant and equipment.

QUESTION 26 What type of account is the Allowance for Doubtful Accounts?

business accounting

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Answer 1

Answer #1

25.

Three examples of property, plant and equipment is:

- Machinery

- Building

- Vehicles

26.

Allowance for doubtful accounts is a contra asset account. It is subtracted from accounts receivable balance in the balance sheet. It is not an expense account, but a provision for likely losses in the future.

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Answer 2

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QUESTION 25 Give three examples of property, plant and equipment.

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