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Treasury Stock Account

A contra account (contra equity account) that is recorded in the shareholder's equity section of the statement of financial position...

    Contra Revenue Account

    A contra account for revenues, i.e., a revenue account that has a debit balance, rather than the credit balance of...

      Contra Revenues Account

      A contra account for revenues, i.e., a revenues account that has a debit balance, rather than the credit balance of...

        Contra Owners’ Equity Account

        A contra account that is used to adjust an owners' equity (stockholders' equity) account by reducing it to arrive at...

          Contra Equity Account

          A contra account that is used to adjust an owners' equity (stockholders' equity) account by reducing it to arrive at...

            Contra Liability

            A contra account that is used to reduce the balance of a liability on the statement of financial position. It...

              Contra Asset

              A contra account that is deducted from an asset account to arrive at the asset's net book value. An example...