General ACCAContra account and Contra entry

"Every bit of research i have done suggests that contra acocunts are the opposite of main account. Like Asset (main account) Depreciation (Contra account) or Sales (Main account) returns (Contra account)." This is absolutely correct however: you should clarify with the chief accountant as to which depreciation account you are referring. Depreciation expense is not a contra account. Accumulated depreciation is a contra account. When you are making your monthly depreciation entries, you should be debiting the depreciation expense account and crediting accumulated depreciation.