Month: April 2020

Holbrook & Manter

Content Personal Financial Services Columbus Ohio Suburbs Do You Require Accounting & Financial Expertise Bookkeeping and Payroll Services In Columbus Working with a team of professionals that specialize in business accounting can lighten your load. Afterall, you didn’t go into business because you wanted to try your hand at accounting. You went into business because …

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Contra Accounts: Definition, Meaning, Examples, Types, Importance

Content Definition of Contra Asset Account The Net Method of Accounting for Sales Discounts Purpose of Adjusting Entries in a General Ledger Discount on Notes Receivable How to Record a Contra Account This loss is treated as an ordinary business expense and is deducted from the asset’s balance. A contra account relates to a specific …

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