Question

Which of the following is a contra

Q: Which of the following is a contra account?

ExplanationAcontraaccountisanaccountthatisusedtooffsetanotheraccountAccumulateddepreciationisacontraaccounttotheassetaccountasitreducesthevalueoftheasset

account?

A Accumulated depreciation

B Accounts receivable

C Prepaid expenses

D Goodwill

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Question

Which of the following is a contra

Solution

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