http://www.wcu.edu/WebFiles/PDFs/Rules_for_Journal_Entries_(web)_02.28.2012.

pdf
http://www.accountingcoach.com/debits-and-credits/explanation/2
http://www.slideshare.net/rahulogy/journal-entries-of-different-types-of-transactions-part-1
http://bizfinance.about.com/od/bookkeepingessentials/a/Accounting_Journal_Entries.htm
http://accountingexplained.com/financial/introduction/debit-credit-rules
http://accountingexplained.com/financial/cycle/adjusting-entries








http://accountingexplained.com/financial/cycle/
Accounting Cycle
http://accountingexplained.com/financial/cycle/journal-entries Best Accounting docs
Journal
http://accountingexplained.com/financial/cycle/ledger-accounts
Ledger
http://gangwar03.wordpress.com/2012/10/27/golden-rules-of-accounting-and-journal/
Rules



















Contra Asset Account
An asset account which is expected to have a credit balance (which is contrary to the normal debit
balance of an asset account). The contra asset account is related to another asset account. For
example, the contra asset account Allowance for Doubtful Accounts is related to Accounts
Receivable. The contra asset account Accumulated Depreciation is related to a constructed asset(s),
and the contra asset account Accumulated Depletion is related to natural resources.
The net of the asset and its related contra asset account is referred to as the asset's book value or
carrying value.
What is a contra liability account?
A contra liability account is a liability account where the balance will be either a debit balance or
a zero balance. Since a debit balance in a liability account is contrary to the normal or expected
credit balance, the account is referred to as a contra liability account.

The most common contra liability accounts are Discount on Bonds Payable and Discount on
Notes Payable. The debit balances in these accounts are amortized or allocated to Interest
Expense over the life of the bonds or notes.
Contra Equity Account
An owner's or stockholders' equity account with a debit balance instead of the normal credit balance.
Examples include the owner's drawing account, a dividend account, and the treasury stock account.


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