contra asset account. Definition. A balance sheet account in the financial statements that offsets a related asset account. Contra asset accounts are subtracted from a related asset account since asset accounts have debit balances while contra assets have credit balances.
East Flatbush is a residential neighborhood in the New York City borough of Brooklyn.The area is part of Brooklyn Community Board 17 East Flatbush is patrolled by the NYPD's 67th Precinct.imilar to other eastern Brooklyn neighborhoods, blacks predominate East Flatbush. The area has a population of about 105,000 and is 91.4% Black or African-American and 51% foreign born, the majority of whom are from the Caribbean.
The name Flatbush is a calque of the Dutch language Vlacke bos (vlacke or vlak, meaning flat; Flatbush meaning flat woodland or wooded plain), so named from woods that grew on the flat country.latbush is well served by public transportation. On the New York City Subway, the BMT Brighton Line (B Q trains) has a number of stops within the community. The stretch of stations from Prospect Park to Avenue H is in Flatbush.