what is Contra Asset?
- 5 Answers
- 11391 Views
- RR Donnelley, RRDonnelley, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tapan
Contra asset are asset account with credit balance e.g
allowances for doubtful account,accumulated depreciation.
| Is This Answer Correct ? | 25 Yes | 9 No |
Answer / rajendra panda
Assets have debit balance but contra assets have credit balance. Contra assets offset the debit balance of assets account. Accumulated depreciation of building is an example of contra assets.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / santhosh kumar
Contra assets is an assets where the balance ethier will be credit balance or zero balance.
| Is This Answer Correct ? | 3 Yes | 0 No |
What do u mean by Derivatives and its types?
PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS RESPECTIVELY.
What is the difference between Cash Flow and Fund flow
what is mean by reserve?
EXPAND___________LTU
Loan sanctioned by Andhra bank was trasfered to current account. Pass journal entry
I need all WNS interview questions
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
fd redeem interest and principal entry in tally
Expand--------CMTS
Short Answer on ________Accounts Payables
what is the effect of repo rate
4 Answers BIIB Pune, Capital IQ,
Audit 
