Contra Account
网友投稿• 2022-01-05 16:35:30 •阅读136
![](/img/Contra+Account.jpg)
An account on the balance sheet of a corporation or entity that offsets the balance of a related and corresponding account.
Taobiz explains Contra Account
An example of a contra account would be accumulated amortization. This contra asset account credits the amortization account, offseting the debit position.
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