What is a contra account and why is it used?

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Accounting Introduction To Financial Accounting

ISBN: 9781517089719

1st Edition

Authors: Henry Dauderis, David Annand

Question Posted: Apr 26, 2016 09:31 AM

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What is a contra account and why is it used?

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A contra account is used to reduce the value of a related balance sheet ...View the full answer

Accounting Introduction To Financial Accounting

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