7 T-accounts; 8 Contra account; 9 Real, personal, and nominal accounts ... For
example, when the customer of a bank deposits money into his bank account two
Mar 19, 2013 ... The contra liability account is less common than the contra asset account. An
example of a contra liability account is the bond discount account, ...
An account with a balance that is the opposite of the normal balance. For
example, Accumulated Depreciation is a contra asset account, because its credit
A contra account is an account with a balance opposite the normal accounts in its
category. Contra accounts are usually linked to specific accounts on the ...
This lesson will explain what a contra account is and how it works to accurately
show the value of a firm's financial statements. It will also provide examples to ...
The business meanings of account are defined and explained in context of
related concepts including contra account, chart of accounts, valuation allowance
Examples of contra accounts include Allowance for Uncollectibles, a contra
account to Accounts Receivable and Accumulated Depreciation, a contra
account to ...
www.ask.com/youtube?q=Examples of Contra Accounts&v=Eye5DdhXjGo
Sep 4, 2012 ... How a contra account is used (works opposite) demonstrated by (Discount to
Bonds Payable), used as a balancing account between the asset ...
Definition of contra account: Asset account that offsets an associated account. For
example, accumulated depreciation account that reduces the original cost of ...
www.ask.com/youtube?q=Examples of Contra Accounts&v=alJ3mqPwEHw
Jul 28, 2011 ... Examples of contra accounts include - Allowance for Bad Debts (to Accounts
Receivable). Bad Debt expense (to Sales), Accumulated ...