Columnar Juniper Trees. Columnar junipers bring strong, thin vertical lines to your landscape. One of the most popular columnars is Juniperus scopulorum Skyrocket, which can grow to 15 feet high with a width of 2 to 3 feet; Wichita Blue, another J. scopulorum grows to 10 feet with a width of 4 feet.
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.
Contra accounts have been used in financial accounting to verify the balance of another corresponding account since Renaissance Italy. In modern accounting, the use of the contra is pivotal when following the matching principle. Whenever one account in the ledger adds to its balance, a subsequent contra account receives an offsetting balance. The contra account is also presented in the financial statements under its corresponding account. Every account needs a contra for reporting and inquiry. Types and Uses of Contra Accounts in the Ledger. Every type of account has a contra. An asset carries a debit balance, so the contra asset account carries a credit balance. Similarly, a liability account has credits and its contra account has debits.