what exactly is an accrual ? What are contra asset accounts 1.06K viewsJanuary 3, 2024 Question90.62K February 23, 2020 0 Comments what exactly is an accrual ? What are contra asset accounts In: Economics 2 Answers ActiveNewestOldest Anonymous Posted February 23, 2020 0 Comments Accurals are when you are acknowledging the liability without actually making a payment. (Salaries Accrued). Contra Asset are used to for reductions of assets so that net amount can be reported. (Accumulated depreciation). You are viewing 1 out of 2 answers, click here to view all answers. Register or Login
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