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Option D- It is shown as a contra account related to accounts receivable is true of the balance sheet presentation of the Allowance for Bad Debts.
Resources, loans, and owner's equity are all represented on a firm's balance sheet, a type of financial statement. One of the three primary financial statements used to assess a business is the balance sheet. It provides an overview of the assets and obligations of an organization as of the date of publication. A balance sheet will give you a concise summary of the firm ’s financial position at quarter or year-end—and give you details about how much cash or liabilities your organisation has. Bad debts include those that are not permanently receivable and are carried off as losses or expenses. Lending institutions and expenditures bought on credit, for instance, fall under the category of bad debt.
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