Contra Accounts basics | Business Education
Автор: Business Basics Essentials
Загружено: 2021-05-31
Просмотров: 50182
Allowance for Doubtful Accounts or Bad Debt and Accumulated Depreciation are two main concepts for Contra Accounts. Contra Accounts in a Balance Sheet express risk to companies on not getting paid. This is a very important concept to understand as not everyone is able to pay back what you give or sell.
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This is the 5th of 28 videos that introduce the Balance Sheet in Section 2 and is a good starting point if you are new to Finance or need a refresher. We include many easy-to-understand examples in these videos to get the concept down.
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