Contra-account works opposite the way the acrount normally warks. Sorme examples are Dividends because it is an equity account and it works EFGHI the section hos been compieted for you BuT you will necd to cakculate the cammon sue percent for eash ine Analyze your company's income statement unng common sute percents. Contra-account works opposite the way the acrount normally warks. Sorme examples are Dividends because it is an equity account and it works EFGHI the section hos been compieted for you BuT you will necd to cakculate the cammon sue percent for eash ine Analyze your company's income statement unng common sute percents