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The opposite of payments on account could be cash or COD.
The opposite of the verb to account could be to evade, defer, or shirk.
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∙ 11y ago
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Is a contra account a debit or a credit?
That depends, it could be either. a contra-asset account would be just the opposite of an asset. All assets have a debit balance (increase with debit) therefore a contra-asset account would be a credit. The same holds true with a contra-liability account, it is just the opposite, a liability maintains a credit balance (increases with a credit) therefore a contra-liability account would be a debit.
What happens if If an amount is recorded on the side of a T account opposite the normal balance side?
decreased
Is sales on account a variable cost?
Sales aren't any sort of cost. They are the opposite of costs.
What is contra account?
A contra-account is a sub-account or a related account that normally has the opposite balance, thereby reducing the balance of the main account. For example, Reserve for Bad Debts is a contra-account to Accounts Receivable. A/R normally has a debit balance while the reserve normally has a credit balance.
Is a contra account balance a debit or credit?
A contra account balance is a debit balance account. It is a general ledger account that has a balance that is an exact opposite of a normal balance. Contra accounts are generally used to report the gross and the net amount of an organization.
Is there an antonym for the word account?
The word account is a noun in most uses, so has no antonym. The verb "to account" (to account for) might have an opposite verb ignore. The opposite of the adjective "accountable" is "unaccountable, in the sense of irresponsible, capricious, frivolous, or injudicious.
What is the opposite of withdrawal in banking terms?
In banking terms, withdrawal means the removal of money from a bank account. So the opposite is deposit, the adding of money to a bank account
If an amount is recorded on the side of a T account opposite the normal balance side the account balance is?
decreased
Is a contra account a debit or credit account?
That depends, it could be either. a contra-asset account would be just the opposite of an asset. All assets have a debit balance (increase with debit) therefore a contra-asset account would be a credit. The same holds true with a contra-liability account, it is just the opposite, a liability maintains a credit balance (increases with a credit) therefore a contra-liability account would be a debit.
What is a preposition that starts with O?
of off on on account of on behalf of on board onto on top of opposite opposite to other than out out of outside ouside of over owing to
How many account were there of brothers fighting on opposite sides in the civil war?
1 TRILLION
Is a contra account a debit or a credit?
That depends, it could be either. a contra-asset account would be just the opposite of an asset. All assets have a debit balance (increase with debit) therefore a contra-asset account would be a credit. The same holds true with a contra-liability account, it is just the opposite, a liability maintains a credit balance (increases with a credit) therefore a contra-liability account would be a debit.
What happens if If an amount is recorded on the side of a T account opposite the normal balance side?
decreased
Is sales on account a variable cost?
Sales aren't any sort of cost. They are the opposite of costs.
What is contra account?
A contra-account is a sub-account or a related account that normally has the opposite balance, thereby reducing the balance of the main account. For example, Reserve for Bad Debts is a contra-account to Accounts Receivable. A/R normally has a debit balance while the reserve normally has a credit balance.
Is a contra account balance a debit or credit?
A contra account balance is a debit balance account. It is a general ledger account that has a balance that is an exact opposite of a normal balance. Contra accounts are generally used to report the gross and the net amount of an organization.
What does dda gl credit mean?
DDA=Demand Deposit Account....(ex, checking account, savings account, etc) GL=General Ledger.... Credit=Positive Entry, Entry going -in-, opposite of debit....
