The allowance for credit losses account is classified as:. a. a contra-revenue account.
b. a contra-equity account.
c. a contra-asset account.
d. a contra-expense account.

c. a contra-asset account.

Explanation:

The allowance for credit losses shows anticipated loss which is a portion of accounts receivable that is deemed to be uncollectible.

The account in actual terms is meant to reduce the balance of accounts receivable to a reasonable amount which is probable to be received from customers in respect of goods bought on credit.

Since the allowance is contra account which reduces accounts receivable, it is appropriate to say it is a contra-asset account

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

answer; /// the above statement is (true);