Contra Account

Previous Lesson: Chart of Accounts

Next Lesson: Accumulated Depreciation

In accounting there are six type of account along with four Contra Account. Contra accounts are opposite account of any other account.

contra account

 

>> Types of Accounts.



References

Mukharji, A., & Hanif, M. (2003). Financial Accounting (Vol. 1). New Delhi: Tata McGraw-Hill Publishing Co.

Narayanswami, R. (2008). Financial Accounting: A Managerial Perspective. (3rd, Ed.) New Delhi: Prentice Hall of India.

Ramchandran, N., & Kakani, R. K. (2007). Financial Accounting for Management. (2nd, Ed.) New Delhi: Tata McGraw Hill.

0 Comments