A contra account (contra equity account) that is recorded in the shareholder's equity section of the statement of financial position...

A contra account for revenues, i.e., a revenue account that has a debit balance, rather than the credit balance of...

A contra account for revenues, i.e., a revenues account that has a debit balance, rather than the credit balance of...

A contra account that is used to adjust an owners' equity (stockholders' equity) account by reducing it to arrive at...

A contra account that is used to adjust an owners' equity (stockholders' equity) account by reducing it to arrive at...

A contra account that is used to reduce the balance of a liability on the statement of financial position. It...

A contra account that is deducted from an asset account to arrive at the asset's net book value. An example...