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Definition of 'Contra Account'
An account on the balance sheet of a corporation or entity that offsets the balance of a related and corresponding account.
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Investopedia explains 'Contra Account'
An example of a contra account would be accumulated amortization. This contra asset account credits the amortization account, offseting the debit position.
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Search results for 'Contra Account'
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http://www.investopedia.com/ask/answers/06/allowancefordoubtfulaccounts.asp
... The AFDA is called a contra account, which reduces the value in another account,
and it is calculated using past experience and educated guesses. ...
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http://www.investopedia.com/ask/answers/05/070105.asp
... Inventory reserves or allowances are contra accounts as they may partially, fully
or more than fully offset the balance of the inventory account. ...
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http://www.investopedia.com/exam-guide/cfa-level-1/liabilities/tax-deferred-liabilities.asp
... Forwards; 15.22 Futures Markets Margin; 15.23 The Futures Trade Process; 15.24
Computing the Margin Balance for a Futures Account; 15.25 ...
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http://stocks.investopedia.com/stock-analysis/moneyshow/CanadasGurusMakeYourStockPicks.aspx
... Benj Gallander, president of the Contra the Heard investment newsletter in Toronto,
also picked a turnaround playin his case, ATS Automation Tooling Systems ...
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