Contra Asset Account
ContentWhat Other Types Of Contra Accounts Are Recorded On The Balance Sheet?Types Of Contra AccountsContra AssetContra Provision for a discount from creditors and discount on bills receivable are other examples which are widely used. Treasury Stock AccountTreasury Stock is a stock repurchased by the issuance Company from its current shareholders that remains non-retired. The cost is amortized every year until the asset is expected to be used.The discount on bonds payable represents the difference between the amount of cash a company [...]