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On the worksheet the adjusted balance of a contra asset account would be extended to:
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5 votes
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On the worksheet the adjusted balance of a contra asset account would be extended to:

User Pratik Anand
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18 votes
18 votes

Answer: the Balance Sheet Credit column.

Step-by-step explanation:

A contra account is simply an asset account which has a credit balance, unlike the normal asset account that typically has a debit balance.

The two main types of contra account include the accumulated depreciation and the allowance for bad debt. We should note that on the worksheet the adjusted balance of a contra asset account would be extended to the credit column of the balance sheet.

User Samarey
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