What is the purpose of using contra accounts? What is the alternative to using them?
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Contra accounts provide disaggregated information concerning the net amount of an asset lia...View the full answer
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Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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