In double entry bookkeeping, debits and credits are entries made in account
ledgers to record .... Example: Classify what type of account the business "Bank
account" is. The bank account o...
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 a general ledger account which is intended to have its
balance be the opposite of the normal balance for that account classification.
The terms Account, Chart of Accounts, Contra Account, and Valuation Allowance
are defined, explained, and illustrated with accounting system examples.
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 ...
Feb 4, 2016 ... In bookkeeping terms, a contra asset account refers to an account which is ... The
two most common examples of contra asset accounts are the ...
General ledger accounts will have a debit or credit normal balance, and contra
accounts that offset the parent account. This lesson will explain...
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 ...
A contra account is used to offset a corresponding asset, liability, or equity ...
Treasury stock and drawing accounts are examples of contra equity accounts.