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![Debits and credits - Wikipedia, the free encyclopedia]()
en.wikipedia.orgIn double entry bookkeeping, debits and credits (abbreviated Dr and Cr, respectively) are entries made in account ledgers to record changes in value resulting from business transactions. Generally speaking, the source account for the transaction is credit瀏覽：512 -
![Contra Account Definition | Investopedia - Investopedia - Educating the world about finance]()
www.investopedia.comAn account found in an account ledger that is used to reduce that value of a related account. ... DEFINITION of 'Contra Account' An account found in an account ledger that is used to reduce that value of a related account. Items recorded in the contra acc瀏覽：667
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日期：2024-04-23
Contra Account Overview A contra account offsets the balance in another, related account with which it is paired. If the related account is an asset account, then a contra asset account is used to offset it with a credit balance. If the related account is...
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日期：2024-04-18
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 balance is contra to the debit balance for an asset account. Another example is the ow...
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日期：2024-04-24
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. For instance, a contra asset account is intended to have a credit balance i...
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日期：2024-04-23
Definition of contra account: An account which offsets another account. A contra-asset account has a credit balance and offsets the debit balance of the... Home Articles Tips Videos Browse by Subject Term of the Day InvestorWords.com - Online Investing Gl...
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日期：2024-04-18
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 contra account of ......
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日期：2024-04-19
The account listed with the main asset account is called a contra asset account. Similarly, the account listed with the main liability account is called a contra liability account. The contra account is not an asset or liability in itself, but an account ...
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日期：2024-04-24
A contra account is any account carrying a balance to offset the balance of a related account. Companies use a contra account to... ... I used to run a small store and one customer was also a supplier of goods for me. Initially, I tried to keep track of s...
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日期：2024-04-23
A liability account that is debited in order to offset a credit to another liability account. ... DEFINITION of 'Contra Liability Account' A liability account that is debited in order to offset a credit to another liability account....
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