Contra Equity refers to an equity account with a normal debit balance, where as other standard equity accounts have normal credit balances. Expense accounts are contra equity accounts because they are used to find totals for a debit of the owner's equity account.
I used to play Contra on Nintendo
the bank management is actually the manging of debit-equity ratio which provides profit and loss assessment to banks
Yes, contra is the prefix. This prefix means against.
Equity finance is a way for a company to receive money in return for shares of its stock. It is a term generally used by small businesses as a vehicle to acquiring financing from investors who often require partial ownership or high returns for their investment in your business.
'Pro' is not an abbreviation of anything. 'Con' is an abbreviation of 'contra'. 'Pro' and 'contra' are Latin for 'for' and 'against'.
Drawing account is used to reduce the capital by the owners of the business from business that's why it is called the contra account for equity account.
Dividends are classified as stockholders' equity. They reduce stockholders' equity so they can also be called a contra equity account.
Treasury stock is a contra-equity account. It reduces shareholder's equity to its true value.
No. It is a contra asset account
Whether Subscription Receivable account should be presented as an current asset or a contra equity account is debatable. The US SEC requires it as a contra equity account.
Withdrawal or drawing account is contra account to owner equity account which is used for owner withdrawals from business.
Drawings account is a contra account because it reduces the owner's equity account's normal balance, a credit balance.
Contra normally means against (from Latin.) Un- is better for using to mean not (uneducated-not educated)
Yes owners drawing account is contra account to owners equity and closed to owners equity account at the end of fiscal year.
The definition of return on equity is the amount of net income returned as a percentage of shareholders equity. More information can be found at Investopedia and Wikipedia.
Unfairness, or a lack of equity.
Unfortunately No. If you compare the stocks portfolio of any of these Contra Funds and any of the top Equity Diversified funds you will see that they are similar. Atleast 60% of the stocks that Contra Funds have invested are present in the portfolio if a regular equity diversified fund. Even the Sectors in which these Contra Funds have invested is more or less the same as regular equity diversified funds.Sector NameContra Fund - Sector WeightageRegular Fund - Sector WeightageFinancial Services19%21%Energy & Power14%15%Consumer Goods10%9%The weightage in other sectors are comparable too.Actually speaking, if we pick up the top stocks like ICICI Bank, HDFC Bank, Reliance Industries, Infosys etc, both the Contra Funds and Equity Diversified Funds have invested in them. Almost all of these funds have exposure to such stocks even though, they claim to be following a contrarian investment approach.