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What does XA stand for?

XA stands for Contra-Asset Account


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Other Resources: Acronym Finder has 12 verified definitions for XA

Samples in periodicals archive:

contra asset account. An asset account which is expected to have a credit balance (which is contrary to the normal debit balance of an asset account).
What is a contra asset account? A contra asset account is an asset account where the balance will be either a credit balance or a zero balance. (A debit balance in a...
Definition of contra asset account: A balance sheet account in the financial statements that offsets a related asset account. Contra asset accounts are...
A contra asset is a negative asset account that offsets the balance in the asset account with which it is paired. The purpose of a contra asset account is to store a...
ACCOUNTING 101. CHAPTER 8: LONG; Depreciation is recorded with a debit to Depreciation Expense and a credit to a contra-asset account; In ACCT 101 we will...