Interested to Buy Any Domain ? << Click Here >> for more details...
what is Contra Asset?
- 5 Answers
- 13925 Views
- RR Donnelley, RRDonnelley, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / tapan
Contra asset are asset account with credit balance e.g
allowances for doubtful account,accumulated depreciation.
| Is This Answer Correct ? | 25 Yes | 9 No |
Answer / rajendra panda
Assets have debit balance but contra assets have credit balance. Contra assets offset the debit balance of assets account. Accumulated depreciation of building is an example of contra assets.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / santhosh kumar
Contra assets is an assets where the balance ethier will be credit balance or zero balance.
| Is This Answer Correct ? | 3 Yes | 0 No |
The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?
What is investment bankig ?
What is fixed liabilities
How good are you at Finance?
where can i get the Balance sheet (graph) for Muthood Finance ltd. (profit and Loss sheet)
what is unique in you i.e, why should i prefer you than
whatis mean by accured income?
what is the difference between provision for bad debts and reserve for bad debts?
even if trial balance matches there could be error explain?
what are the uniform public construction cost accounting act procedures?
Audit 
