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    A contra account offsets an associated asset account on the balance sheet, reducing its balance. For example, accumulated depreciation is a contra account that offsets gross property, plant, and equipment (PP&E). It decreases as depreciation expense increases over time. On the balance sheet, accumulated depreciation and gross PP&E are presented together as net PP&E.

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    A contra account offsets an associated asset account on the balance sheet, reducing its balance. For example, accumulated depreciation is a contra account that offsets gross property, plant, and equipment (PP&E). It decreases as depreciation expense increases over time. On the balance sheet, accumulated depreciation and gross PP&E are presented together as net PP&E.

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    6 views2 pages

    Accounting

    Uploaded by

    Yuqing
    A contra account offsets an associated asset account on the balance sheet, reducing its balance. For example, accumulated depreciation is a contra account that offsets gross property, plant, and equipment (PP&E). It decreases as depreciation expense increases over time. On the balance sheet, accumulated depreciation and gross PP&E are presented together as net PP&E.

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    备抵账户

    (contra account)

    • 定义 :
    Accounting - 01  Contra account is an offsetting account to an asset,
    increases in a contra account reduce the associated asset
    备抵账户 account
    (contra account) • 例子：
    Net PP&E = Gross PP&E – accumulated depreciation
     这里的 accumulate depreciation 就是一个 contra account
     Accumulated depreciation offsets Gross PP&E account, and
    the 2 accounts are aggregated together on the balance
    sheet as Net PP&E.

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