A contra asset account has what type of balance? A contra asset account has what type of balance? Debit Credit Contra O All of the above A relevant record for preparing an aged debtors schedule is the: A relevant record for preparing an aged debtors schedule is the: Supplier Invoice Sales Invoice Sales Receipt O Purchase Order Australian Financial Reporting Standards are based on the: Australian Financial Reporting Standards are based on the: IASB Standards ISO Standards FASB Standards ONZ FSB Standards