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Debits and credits


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  ...

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


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 definition | Dictionary | AccountingCoach


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  ...

Contra Account | Example | Explanation | My Accounting Course


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 & Examples | Study.com


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 ...

Account, Contra Account, Chart of Accounts Examples Defined


The business meanings of account are defined and explained in context of related concepts including contra account, chart of accounts, valuation allowance .

Contra Account Definition | Investopedia


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 ...

What is contra account? definition and meaning


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 ...
Popular Q&A
Q: What are the examples of contra account.
A: Examples of Contra Accounts are Accumulated Depreciation and Provision for Doubtful Debts. Read More »
Source: www.answers.com
Q: What are the examples of capital contra account.
A: is accumulated depreciation a contra account. Read More »
Source: www.answers.com
Q: What are some examples of contra asset account?
A: Accumulated deprciation. Read More »
Source: wiki.answers.com
Q: Example of Contra-Asset Account?
A: Accumulated Depreciation. Read More »
Source: wiki.answers.com
Q: Could someone please give me a simple example/s of contra account...
A: In the U.S. anyway, a contra account does. not. refer to entries only involving bank and cash accounts. In fact, it has nothing to do with that. The info Clough... Read More »
Source: www.askmehelpdesk.com