What is a contra account? If an account is a contra liability, what is its normal balance?

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Introduction To AccountingAn Integrated Approach

ISBN: 9781119600107

8th Edition

Authors: Penne Ainsworth, Dan Deines

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Question Posted: Apr 20, 2023 04:16 AM

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What is a contra account? If an account is a contra liability, what is its normal balance?

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A contra account is an account that is used to offset or reduce the bal...View the full answer

Introduction To AccountingAn Integrated Approach

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