Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does contra-equity account mean?

SEARCHING
Suggestion/Report Error
contra-equity account
Noun


An account with a debit balance that reduces the total value of owners' equity, instead of a credit balance as is normal for equity accounts.

Synonym(s): 
  • contra equity account.
top
© 2015-2024 Pecunica LLC.  All rights reserved.
;