# Contra account

> Contra account — An account with the opposite normal balance to its type, presented as a deduction from its parent — accumulated depreciation against PP&E, the allowance against AR.

Source: https://lopifi.com/glossary/contra-account
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is contra account?** In accounting, contra account means an account with the opposite normal balance to its type, presented as a deduction from its parent — accumulated depreciation against PP&E, the allowance against AR.

## Words this system refuses for it

- negative account

- **Category:** Core ledger
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** normal-balance, depreciation, account, fixed-asset