contra asset account oor Sjinees
contra asset account
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Accumulated Depreciation is a contra-asset account that decreases the value of plant assets.
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The use of a contra-asset account allows assets to be shown at cost, and thus allows easier computations if a revision is necessary or different depreciation methods are used. When an asset is sold, all accounts related to the depreciation of that asset are adjusted.
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However, to reflect a more complete picture of total fixed assets in the financial statements for the biennium # total historical cost with a contra amount had been reflected in the accounts
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Set up the new asset account, Accrued Interest Receivable, and the new asset-reduction account, the contra account, Accumulated Depreciation, Store Equipment.
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4 sinne gevind in 10 ms. Hulle kom uit baie bronne en word nie nagegaan nie.