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

Contra asset account show credit balance 

Answer b

It reduce asset with its amount in balance sheet 

Like allowances for doubtful customers accounts it reduce accounts receivable when reporting balance sheet

The contra asset account has a credit balance. Answer is B.

normally

credit balance ..................................

Option  C : Credit

 it shows credit balance