Contra Asset And Contra Revenue

๐‚๐จ๐ง๐ญ๐ซ๐š ๐€๐ฌ๐ฌ๐ž๐ญ ๐•๐ฌ ๐‚๐จ๐ง๐ญ๐ซ๐š ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž- ๐‡๐จ๐ฐ ๐ƒ๐จ ๐“๐ก๐ž๐ฒ ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ?

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Contra Asset vs Contra Revenueโ€ฆ. If you are wondering what is the difference between a contra asset account and a contra revenue account? All your queries are going to be gone away. Just read ahead! Contra means the opposite. A contra account is an account that has an opposite balance to the associated account. In …

๐‚๐จ๐ง๐ญ๐ซ๐š ๐€๐ฌ๐ฌ๐ž๐ญ ๐•๐ฌ ๐‚๐จ๐ง๐ญ๐ซ๐š ๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž- ๐‡๐จ๐ฐ ๐ƒ๐จ ๐“๐ก๐ž๐ฒ ๐ƒ๐ข๐Ÿ๐Ÿ๐ž๐ซ? Read More »