Examlex

Solved

A Contra Account Is an Account Whose Balance Is Added

question 114

True/False

A contra account is an account whose balance is added to an associated account in the financial statements.


Definitions:

Functional Résumé

A type of résumé format that highlights an individual's skills and experiences rather than their chronological work history.

Competence

The ability of an individual or organization to perform a task or a job effectively, with the necessary skills and knowledge.

Persuasive Communication

The art of influencing or convincing others to accept a point of view, adopt a certain behavior, or take action.

Focused Search

A detailed and narrow query method aimed at finding specific information within databases or the internet.

Related Questions