Question: A contra - account: Multiple Choice reduce the asset to its fair value. offsets, or reduces, another account. increases the original value of the account

A contra-account:
Multiple Choice
reduce the asset to its fair value.
offsets, or reduces, another account.
increases the original value of the account to which it relates.
always appears in the same column of the trial balance as the account to which it relates.
A contra-account: Multiple Choice reduce the asset to its fair value.

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