What is a contra account?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
A contra account is an account that is paired w...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
What is a contra account and why is it used?
-
What is a contra account? Identify the contra account introduced in this chapter, along with the account's normal balance.
-
What is a contra asset account? Why do we use a contra asset account to record accumulated depreciation instead of directly reducing the depreciable asset account?
-
Is it possible to produce an iron-carbon alloy that has a minimum tensile strength of 690 MPa (100,000 psi) and a minimum ductility of 40%RA? If so, what will be its composition and microstructure...
-
A 1.00-L aqueous solution contained 6.78 g of barium hydroxide, Ba(OH)2. What was the pH of the solution at 25C?
-
Prepare a one-page statement explaining how the Hard to Explain, Easy to Experience campaign will actually help TRACE sales among Multicultural Millennials.
-
Develop the appropriate primary research question to be associated with this design, including the research questions that will address main effects and interactions. Develop a hypothetical research...
-
In many ways, nonprofit corporations are run much like other businesses. Charity organizations with larger operations would be expected to have a larger staff, although some have more overhead than...
-
Design and construct a computer program in one of the approved languages ( Java, ) that will illustrate the use of a third-order explicit Runge-Kutta method of your own design. In other words, you...
-
List and describe the common skills and activities of a project manager. Which skill do you think is most important? Why?
-
What are the two basic categories of adjusting entries? Provide two examples of each.
-
What is an accrued expense? Provide an example.
-
Montoure Company uses a perpetual inventory system. It entered into the following calendar-year 2013 purchases and sales transactions. (For specific identification, units sold consist of 600 units...
-
Suppose that a particular artillery piece has a range R =4000 yards . . Find its range in miles. Use the facts that 1 mile =5280 ft and 3 ft = 1 yard Express your answer in miles to three significant...
-
If a car has a maximum deceleration of 7 7 m / / s 2 , 2 , the driver's reaction time to apply the brakes is 0 . 5 0 . 5 seconds and the car must stop in a maximum of 4 4 m: a . . What maximum...
-
A small electrical circuit is to be installed using a 3-core PVC cable with a cross- sectional area of 2.5 mm2 and a length of 32 meters. The load to be equipped is a water heater with a capacity of...
-
A man yells in a 29C canyon. It bounces off two rock walls, as seen in the picture below, returning to his ears 5.1 s later. What is the measure of the missing distance from the second rock to the...
-
A girl saw a water balloon fall past her window. She lives on the 3 3 rd floor which is 1 5 1 5 m above the ground. The balloon struck the ground at 0 . 6 5 0 . 6 5 s after passing her window. How...
-
User interface. When the solver (ILOG CPLEX) is run, an optimal solution is reached at a point when the objective value of the incumbent solution stops improving. This stopping criterion is...
-
Solve each equation. x 3 - 6x 2 = -8x
-
Portal Holdings Ltd. had the following short-term investments in marketable securities on December 31, 2016, at fair value and book value: Canadian Utilities Limited ...........$310,000 TELUS...
-
Suppose Pickel Corp. completed the following transactions: 2017 Dec. 4 Sold product on account to a Mexican company for $110,000. The exchange rate of the Mexican peso was $0.078, and the customer...
-
Margaret Joyce is the owner of Trickle Music Holdings Ltd., a newly formed company whose year end is December 31. The company made two investments during the first week of January 2017. Both...
-
1) We have started the process to extradite the people responsible for the OPM incident. We need to cross all of our Ts and dot all of our Is. So, you need to use the information from your readings...
-
dy Cos 4x and it passes thru (TT, 7). A curve has de Cos 4x and it Find the equation of the curve.
-
Write the following as an inequality. -9 is less than x, and 6 is greater than or equal to x Use x only once in your inequality.
Study smarter with the SolutionInn App