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Understand what contra accounts are. For example, Accumulated Depreciation and Sales Discounts. Be familiar with the Normal Balances of these accounts.
Understand what contra accounts are. For example, Accumulated Depreciation and Sales Discounts. Be familiar with the Normal Balances of these accounts.
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Contra accounts are specific types of accounts that are paired with related accounts on a companys f...
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
