145k views
5 votes
On the worksheet the adjusted balance of a contra asset account would be extended to:

User FatBruno
by
6.8k points

1 Answer

1 vote

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 Sewder
by
7.3k points