What Is a Contra Asset in Accounting Terms?

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Tip 1 - What is a contra asset account? | AccountingCoach

Published: 9 years, 4 month(s) ago | Submitted by burnsie | permalink

What is a contra asset account?

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

Tip 2 - contra asset account definition | Dictionary | AccountingCoach

Published: 9 years, 4 month(s) ago | Submitted by Sibusiso Madonsela | permalink

contra asset account definition | Dictionary

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

Tip 3 - Contra Account Definition | Investopedia

Published: 9 years, 4 month(s) ago | Submitted by Sebastiaan Massizzo | permalink

An account found in an account ledger that is used to reduce that value of a related account.
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For further reading: http://www.investopedia.com/terms/c/contraaccount.asp ^[3]

Tip 4 - What is a contra asset? - Questions & Answers - AccountingTools

Published: 9 years, 4 month(s) ago | Submitted by Frederik Sleeswijk | permalink

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]

Tip 5 - What is a contra account? - Questions & Answers - AccountingTools

Published: 9 years, 4 month(s) ago | Submitted by Scott Bruce | permalink

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]

Tip 6 - Account, Contra Account, Chart of Accounts Defined With Examples

Published: 9 years, 4 month(s) ago | Submitted by Heidi Labritz | permalink

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]

Tip 7 - Contra Account | Example | Explanation

Published: 9 years, 4 month(s) ago | Submitted by JANSSENS Jean - Marc | permalink

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]