資產備抵賬戶 - Mba智库百科

Contra Asset - Examples, How a Contra Asset Account Works

Net Asset Value = Asset Account Balance - Contra Asset Account Balance. Note that the asset account balance represents the purchase price of the asset in question, also known as its historical cost. For example, an asset was purchased by a company for $100,000 - that is, the historical cost of the asset was $100,000 - and its contra asset ...

Contra Accounts - Examples & How They Work - Corporate Finance Institute

What is a Contra Account? In bookkeeping, a contra asset account is an asset account in which the natural balance of the account will either be a zero or a credit (negative) balance. The account offsets the balance in the respective asset account that it is paired with on the balance sheet.. Normal asset accounts have a debit balance, while contra asset accounts are in a credit balance.

Contra Account Definition, Types, and Example - Investopedia

Contra Account: A contra account is an account found in an account ledger that is used to reduce the value of a related account. A contra account's natural balance is opposite of the associated ...

Contra Asset Account - Definition, Examples, List of Accounts

A Contra Asset Account is an asset account having a credit balance that is related to one of the assets with a debit balance. When we add the balances of two of these assets together, it reflects the net book value or carrying value of the debit balance assets. You are free to use this image on your website, templates, etc, Please provide us ...

What is a contra asset account? | AccountingCoach

A contra asset account is an asset account where the account balance is expected to be a credit balance. It is described as "contra" because having a credit balance in an asset account is contrary to the normal or expected debit balance. (A debit balance in a contra asset account will violate the cost principle .)

What Are Contra-Assets: Understanding Their Role in Bookkeeping

Contra asset accounts are a key aspect of a company's financial records, allowing for an accurate portrayal of the value of assets. They are recorded as negative balances on a company's balance sheet and are used to reduce the value of associated assets. Here are some common questions about contra asset accounts.

How to Use Contra Asset Accounts - The Motley Fool

The contra asset account, accumulated depreciation, is always a credit balance. This balance is used to offset the value of the asset being depreciated, so as of September 1, your $8,000 asset now ...

What is a Contra Asset Account? | Double Entry Bookkeeping

Contra means against. In bookkeeping terms, a contra asset account refers to an account which is offset against an asset account. As an asset account is normally a debit balance, a contra asset account will normally be a credit balance. When the two balances are offset against each other they show the net balance of both accounts.

Contra Account | Definition + Journal Entry Examples - Wall Street Prep

A contra account is an entry on the general ledger with a balance contrary to the normal balance for that categorization (i.e. asset, liability, or equity ). The normal balances and impact on the carrying value are as follows: Asset → Debit Balance → Increase Asset Value. Liability → Credit Balance → Increase Liability Value.

Contra asset account definition — AccountingTools

A contra asset account is an asset account with a natural credit balance. Nearly all asset accounts have a natural debit balance. This account is paired with and offsets another asset account, so that a net balance is reported on the balance sheet. Examples of Contra Asset Accounts. There are three contra asset accounts that commonly appear in ...

Contra accounts definition — AccountingTools

A contra account offsets the balance in another, related account with which it is paired. The natural balance of a contra account is the reverse of the related account in the pairing. Thus, if the related account has a natural debit balance, then the associated contra account has a natural credit balance. If the related account is an asset ...

Managing Contra Asset Accounts for Accurate Financial Reporting

Accumulated depreciation is a contra asset account that tracks the total depreciation expense allocated to a fixed asset over its useful life. This account is crucial for reflecting the wear and tear on assets such as machinery, buildings, and equipment. When a company purchases a fixed asset, it records the asset at its original cost.

What is a Contra Asset Account? Definition, Types, Example, and More

A contra account is an account that companies use to reduce the value of a related account. It usually nets off against related accounts and provides an opposite effect to the balance. Therefore, contra accounts are the reverse accounts that decrease a specific account's balance. For example, if an account has a debit balance, a contra ...

What Is a Contra Asset? - The Balance

A key contra asset account commonly found in the general ledger is the accumulated depreciation account, which is a contra account used to reduce the equipment or fixed asset account. Displaying both the fixed asset account and the accumulated depreciation contra account allows a company to clearly report both the historical cost of certain ...

Contra Account: A Complete Guide [+ Examples] | FinanceTuts

A contra account's balance is the opposite of the parent account with which it is paired. A contra account has a debit balance if the associated account naturally carries a credit balance-and vice versa. For example, contra assets are credited when increased because assets are normally debited.

contra asset account definition and meaning | AccountingCoach

An asset account which is expected to have a credit balance (which is contrary to the normal debit balance of an asset account). The contra asset account is related to another asset account. For example, the contra asset account Allowance for Doubtful Accounts is related to Accounts Receivable. The contra asset account Accumulated Depreciation ...

What is a Contra Account? | Accounting Terms - Reviso

Assets are debited when increased, and contra-assets are credited when increased. In this way, the accumulated amortization account would offset the related asset account, which is recorded as a debit. It is important to note that there are also contra-liability accounts, where an account with a debit balance offsets a liability account ...

Types of Contra Accounts | List of Examples | Explanations | Definition

Each one is tied to their respective asset, liability, or equity account to reduce their carrying balance on the balance sheet. Here's a list of the main types of contra accounts: Contra Asset Account - A contra asset account is an asset that carries a credit balance and is used to decrease the balance of another asset on the balance. An ...

What Is a Contra Account? Types + Examples | Invoiced

A contra account is an asset account that is kept at either a negative or zero balance and is used on a balance sheet to offset the positive balance of a paired asset. To put it another way, a contra account is an account listed within a general ledger with the purpose of capturing the reduced value of a paired or related account when the two ...

Contra Account: GAAP Accounting Definition and ... - FinanceDoneRight

A contra account is where we record events that are contrary to a general ledger parent account, also called a relating account. Contra accounts allow us to report the true value of a firm's assets. The balance of the contra account will offset its parent account while still preserving the value of the transactions recognized in the relating ...

備抵賬戶 - Mba智库百科

備抵調整賬戶按照被調整賬戶性質的不同又可以分為資產類備抵調整賬戶和權益類備抵調整賬戶。 （1）資產備抵賬戶：即被調整賬戶屬於資產類。 如"累計折舊"與"固定資產"例如，"累計折舊"賬戶是"固定資產"這個資產賬戶的備抵賬戶，兩個賬戶之間的關係，可用下圖表示：

What is a contra revenue account? | AccountingCoach

A contra revenue account is a revenue account that is expected to have a debit balance (instead of the usual credit balance ). In other words, its expected balance is contrary to—or opposite of—the usual credit balance in a revenue account. A contra revenue account allows a company to see the original amount sold and to also see the items ...