MC19 What is a contra account?
A. An account that has a debit balance
B. An account that has a credit balance
C. An account that is used to offset another account
D. An account that is used to record revenue
Answer:C
MC19 What is a contra account?
A. An account that has a debit balance B. An account that has a credit balance C. An account that is used to offset another account D. An account that is used to record revenue