A contra asset account has what type of balance? Debit Credit Contra All of the above

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What is the normal balance for contra asset accounts?
Posted by:
abdelaziz allam
11-February-2016

Credit Cards Economics Finance Management account

Question added by Muhammad Mujtaba Shafique , RJ , Dream Fm106
Date Posted: 2016/02/07

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2 Answers

Ali Qasim sunny

by Ali Qasim sunny

CREDIT

A contra asset is a negative asset account that offsets the balance in the asset account with which it is paired

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Sultan Alghamdi

by Sultan Alghamdi

A contra asset account has a credit balance account

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