Web Results

What is a contra account? - Questions & Answers - AccountingTools

www.accountingtools.com/questions-and-answers/what-is-a-contra-account.html

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, ...

Contra Account | Example | Explanation | My Accounting Course

www.myaccountingcourse.com/accounting-basics/contra-account

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 ...

contra account definition | Dictionary | AccountingCoach

www.accountingcoach.com/terms/C/contra-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  ...

What are examples of contra accounts? | Reference.com

www.reference.com/business-finance/examples-contra-accounts-2e38800a31897c27

Accumulated depreciation, purchase discounts and purchase returns are examples of contra accounts. Accumulated depreciation is a contra account in the ...

What is a contra account? | AccountingCoach

www.accountingcoach.com/blog/what-is-a-contra-account

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.

Contra Account Definition | Investopedia

www.investopedia.com/terms/c/contraaccount.asp

Contra accounts are reported on the same financial statement as the associated account. For example, a contra account associated with accounts receivable is ...

Contra Account: Definition & Examples - Video & Lesson Transcript ...

study.com/academy/lesson/contra-account-definition-examples.html

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=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 ...

Contra Account Definition - Accounting Explained

accountingexplained.com/financial/introduction/contra-account

Contra account is an account that appears as a subtraction from another account on balance sheet of a company. For example, provision for bad debts is a ...

Account, Contra Account, Chart of Accounts Examples Defined

www.business-case-analysis.com/account.html

The terms Account, Chart of Accounts, Contra Account, and Valuation Allowance are defined, explained, and illustrated with accounting system examples.