Question: An account whose balance is reported on the asset side of the balance sheet and reduces total assets as its balance increases is called a:

An account whose balance is reported on the asset side of the balance sheet and reduces total assets as its balance increases is called a:
Question 2Select one:
a.
contra-liability account.
b.
contra-asset account.
c.
contra-revenue account.
d.
contra-owners' equity account.
e.
contra-expense account.

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