Contra accounts explained
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YouTubeThe Finance Storyteller
Contra accounts explained
What is a contra account? Let’s go through the concept of contra accounts using lots of examples! The main thing to understand about contra accounts is that contra means opposite. Contra accounts are linked with another account, and have an opposite balance. The usual pattern is gross amount minus the amount in the contra account is net ...
89.3K viewsNov 24, 2018
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