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Understanding Contra Accounts
Episode 1127th October 2023 • Accounting Recounted • Accountable Processes, Inc. DBA Accountable Numbers
00:00:00 00:07:44

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Contra accounts are an essential concept in accounting, primarily used to record and represent the true financial state of a business. In this episode, we will cover what contra accounts are, how to use them, and discuss some common examples.