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valentina_108 [34]
3 years ago
13

Explain what a contra account is by choosing the statement(s) below that correctly describe(s) a contra account. (Check all that

apply.) Multiple select question. A contra account would be subtracted from another account. A contra account is linked with another account. A contra account would be added to another account. Accumulated Depreciation is an example of a contra account. A contra account has an opposite normal balance than its linked account.
Business
1 answer:
insens350 [35]3 years ago
5 0

Answer:

Accumulated Depreciation is an example of a contra account.

A contra account would be subtracted from another account.

A contra account has an opposite normal balance than its linked account.

A contra account is linked with another account

Explanation:

Answer key

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