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

Credit Cards Economics Finance Management account
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Question added by Muhammad Mujtaba Shafique , RJ , Dream Fm106
Date Posted: 2016/02/07
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Ali Qasim sunny

CREDIT

A contra asset is a negative asset account that offsets the balance in the asset account with which it is paired

Sultan Alghamdi
by Sultan Alghamdi

A contra asset account has a credit balance account 

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