Contra-Accounts

question 87

Multiple Choice

Contra-accounts:

• A) are used to increase the original value of the account they offset.
• B) always appear in the same column of the trial balance as the account they offset.
• C) always reduce the account they offset.
• D) are not allowed according to GAAP.

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Definitions:

Teleology

A philosophical approach that explains phenomena by their purposes or goals rather than by their causes.

Motor Impairment

A limitation in the physical functioning of the motor system, which may affect an individual's ability to perform movements or tasks.

Interpreter

A person who translates oral or sign language communication between speakers of different languages.

Amplify

To increase the volume, intensity, or scope of something.