See also: Capital Project Adding Value as a Financial Leader Balance the Balance Sheet Debit versus Credit Does Your Management Team Understand the Financials? When examining the term “contra asset account,” look no further than the root of contra to get a vague grasp of the definition. Because contra means “against,” one could quickly conclude
See also: Allowance for Uncollectible Accounts Explained How to Collect Accounts Receivable How to Calculate DSO Accounts Receivable Turnover Another Way To Look At Factoring Dispersion Allowance for Uncollectible Accounts Definition Allowance for uncollectible accounts is a contra asset account on the balance sheet representing accounts receivable the company does not expect to collect. When
Accumulated Amortization of Assets Definition To understand the accumulated amortization of assets, understand that the assets in question are intangible in nature. These assets are usually long-term and are not physical in nature. Achieve accumulated amortization through the reduction of the intangible account lump sum incrementally. Over the life of the asset in question, calculate
See Also: Factoring Another Way To Look At Factoring Journal Entries For Factoring Receivables Can Factoring Be Better Than a Bank Loan? Factoring is Not for My Company History of Factoring How Factoring Can Make or Save Money What is Factoring Receivables The What, When, and Where about Factoring Accounting for Factored Receivables Accounting for
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