Interested to Buy Any Domain ? << Click Here >> for more details...
what is Contra Asset?
- 5 Answers
- 13556 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 |
what is the meaning of RTGS? why & where is it used?
29 Answers Accounting, Bosch, Genie Auto, ICICI, Ing Vysya Bank,
what are the different causes for discrepencybetween the balance of cash book and pass book
What is the difference between Risk, Threat & Hazard?
What is the difference between Debit and Credit Card?
whats is depreciation? formula for calculating deprecation ?
Can I check my Vantage credit score range online?
what is deferred revenue expenditure
NPA is either person or account
1. Cold Ice, Inc. sells ice cream sells for $2 each. The variable costs per ice cream are $1 and the fixed overheard costs are $ 0.35. A summer camp wants to place a one-time order for 100 cone of ice cream at a price of $ 1.25 each. What is the minimum price hot dogs should be charge for this special order?
what is accounting standard?
58 Answers ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH,
Explain why cooperative accounting is different from financial accounting?
1 Answers Meru University of Science & Technology,
Expand---------PTSR
Audit 
