Contra Revenue Defintion,Types Example of Contra Revenue Account
A contra liability is a general ledger account with a debit balance that reduces the normal credit balance of a standard liability account to present the net value on a balance sheet. Examples of contra liabilities are Discounts on Bonds and Notes Payable and Short-Term Portion of Long-Term Debt. A contra asset account is an […]
Contra Revenue Defintion,Types Example of Contra Revenue Account Read More »