Topic: Examples of Contra Accounts
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What are the examples of contra account?
Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts Read More »
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What are the examples of capital contra account?
is accumulated depreciation a contra account Read More »
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What is a Contra Account?
A contra account is an account that accumulates subtractions from other accounts. For example, the accumulated depreciation account is a contra account for machinery. Read More »
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Accumulated deprciation
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In double-entry accounting, each type of account--asset, liability, revenue, expense, and owner's equity--has a normal balance of either debit or credit. Contra accounts are the exception to this rule.
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Source: http://www.ehow.com/facts_6726066_contra-asset-account_.html
In accounting, there are assets: what you own. You have the liabilities, which is what you owe. And you have the owner's equity---what you invested or retained. Then you have the contra assets. What are they, and what are some examples?
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Source: http://www.ehow.com/facts_5757875_contra-asset-accounting-terms_....
Cash account to Bank account Bank account to Cash account Bank account to Bank account
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Source: http://wiki.answers.com/Q/What_are_the_examples_of_contra_voucher
contra voucher A Contra voucher entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from: Cash account to Cash account Cas...
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Source: http://wiki.answers.com/Q/What_is_contra_voucher_in_accounting
Contra refers 'Opposite'. In double entry system when bank and cash transcations are occured with each as cash deposit/withdrawn.
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Source: http://wiki.answers.com/Q/What_is_the_definition_of_contra_entry_...
Contra Accounts are typically numbered near or right after the normal account. 5010 Revenue 5011 Returns
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Source: http://wiki.answers.com/Q/What_is_a_typical_number_for_a_contra_a...
