What Is a Contra Asset?

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). Learn why contra accounts, when utilized correctly along with a paired account, are a crucial component of...

San Diego Accounting, Wealth and Business Consulting

View the complete Certificate Registration and Candidacy Guidelines. UC San Diego is accredited by the Western Association of Schools and Colleges (WASC). UC San Diego Division of Extended Studies – like all other UC San Diego schools, colleges, and departements...