what is contra account | basic accounting | CBSE | F1 | accounting teaching | commerce online | urdu

A contra account is a general ledger account with a balance that is opposite of the normal balance for that account classification. The use of a contra account allows a company to report the original amount and also report a reduction so that the net amount will also be reported.

#whatiscontraaccount #contraaccounting #commerce

• #education
• #what_is_contra_accounts
• #contra_accounts_definition
• #contra_account
• #contra_account_in_accounting
• #contra_asset_account
• #contra_liability_account
• #contra_expense_account
• #contra_revenue_account
• #contra_equity_account
• #what_is_a_contra_account
• #what_is_a_contra_asset_account
• #contra_account_balance_sheet
• #contra_account_definition
• #contra_account_examples
• #contra_assets_in_hindi
• #commerce_baba
• #zpz_education
• #contra_account_azhar_niaz
• #accounting_101