What Is a Contra Asset in Accounting Terms?

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What is a contra asset account? | AccountingCoach More
Published: 9 years, 3 month(s) ago by burnsie | permalink
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What is a contra asset account?

For further reading: http://www.accountingcoach.com/blog/contra-asset-account ^[1]

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contra asset account definition | Dictionary | AccountingCoach More
Published: 9 years, 3 month(s) ago by Sibusiso Madonsela | permalink
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contra asset account definition | Dictionary

For further reading: http://www.accountingcoach.com/terms/C/contra-asset-account ^[2]

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Contra Account Definition | Investopedia More
Published: 9 years, 3 month(s) ago by Sebastiaan Massizzo | permalink
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An account found in an account ledger that is used to reduce that value of a related account.
Tags: contra account,accounting,financial statements,dictionary,glossary,education,investment,tutorials,investing,invest,investor,stocks,quotes,analysis,beginner,finance,financial,market,news,401k,ira,personal,definitions,terms,mutual funds,ipo,options,nasdaq,trader,trading

For further reading: http://www.investopedia.com/terms/c/contraaccount.asp ^[3]

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Tip 4
What is a contra asset? - Questions & Answers - AccountingTools More
Published: 9 years, 3 month(s) ago by Frederik Sleeswijk | permalink
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A contra asset is a negative asset account that offsets the balance in the asset account with whic...

For further reading: http://www.accountingtools.com/questions-and-answers/what-is-a-contra-asset.html ^[4]

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Tip 5
What is a contra account? - Questions & Answers - AccountingTools More
Published: 9 years, 3 month(s) ago by Scott Bruce | permalink
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Contra Account Overview A contra account offsets the balance in another, related account with w...

For further reading: http://www.accountingtools.com/questions-and-answers/what-is-a-contra-account.html ^[5]

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Tip 6
Account, Contra Account, Chart of Accounts Defined With Examples More
Published: 9 years, 3 month(s) ago by Heidi Labritz | permalink
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he meanings of account in business are defined and explained in context with concepts including contra account, chart of accounts and valuation allowance.

For further reading: https://www.business-case-analysis.com/account.html ^[6]

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Tip 7
Contra Account | Example | Explanation More
Published: 9 years, 3 month(s) ago by JANSSENS Jean - Marc | permalink
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A contra account is an account with a balance opposite the normal accounts in its category. Contra accounts are usually linked to specific accounts on the balance sheet and are reported as subtractions from these accounts.

For further reading: http://www.myaccountingcourse.com/accounting-basics/contra-account ^[7]

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Category: Fun | 9 years, 3 month(s) ago

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Scott Bruce, Frederik Sleeswijk, Sibusiso Madonsela, Heidi Labritz, Sebastiaan Massizzo, JANSSENS Jean - Marc, burnsie

References & Citations

1. http://www.accountingcoach.com/blog/contra-asset-account

2. http://www.accountingcoach.com/terms/C/contra-asset-account

3. http://www.investopedia.com/terms/c/contraaccount.asp

4. http://www.accountingtools.com/questions-and-answers/what-is-a-contra-asset.html

5. http://www.accountingtools.com/questions-and-answers/what-is-a-contra-account.html

6. https://www.business-case-analysis.com/account.html

7. http://www.myaccountingcourse.com/accounting-basics/contra-account