What is the normal balance for contra asset accounts?

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Next Question:
Contra asset account is ?
Posted by:
Moataz Elsabawy
30-April-2017

Debit *Credit

Accounting Financial Accounting

Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/11

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1 Answers

by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER

A contra asset account has a credit balance

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