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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 | 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 | 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  ...

What are examples of contra accounts? | Reference.com


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


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


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 ...


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


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


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