Contra Account in Financial Statement

Contra Account
By Mrs. Chong Sophal
Elements of Financial Statements
1. Assets: - Accumulated depreciation
Allowance for doubtful account
2. Liabilities: - Discount on bonds payable
Discount on notes payable
3. Equity: - Dividend
Treasury shares
4. Revenues: - Sales return and allowance
Sales discount
5. Expenses: - Purchase return and allowance
Purchase discount
មជ្ឈមណ្ឌលបច្ចេកវិទ្យា ពាណិជ្ជកម្ម
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