{"id":39622,"date":"2021-06-23T11:32:17","date_gmt":"2021-06-23T14:32:17","guid":{"rendered":"https:\/\/gessoartedecor.com.br\/?p=39622"},"modified":"2024-09-26T05:09:44","modified_gmt":"2024-09-26T08:09:44","slug":"contra-account-definition-journal-entry-examples","status":"publish","type":"post","link":"https:\/\/gessoartedecor.com.br\/?p=39622","title":{"rendered":"Contra Account Definition + Journal Entry Examples"},"content":{"rendered":"

\"Contra<\/p>\n

Double Entry Bookkeeping is here to provide you with free online information to help you learn and understand bookkeeping and introductory accounting. GAAP, the allowance for doubtful accounts represents management\u2019s estimate of the percentage of \u201cuncollectible\u201d accounts receivable (i.e. the credit purchases from customers that are not expected to be paid). Advisory services provided by Carbon Collective Investment LLC (\u201cCarbon Collective”), an SEC-registered investment adviser. Taking the example of CCC again, the company has $50,000 in accounts receivable at year-end of December 31. CCC estimates that 5% of accounts receivable will most likely be unrecoverable.<\/p>\n

Definition of Contra Asset Account<\/h2>\n