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However, the most interesting story was a little lower down in the charts. Tencent’s mobile MOBA continues to dominate the Chinese mobile gaming market, with seemingly little other than Tencent’s self-imposed restrictions on the game likely to stop it.

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King of Glory once again topped the game download and revenue rankings in China. China: Contra Return Storms the Game Charts In the U.S., Tinder jumped ahead of HBO Now in the app revenue standings, but will likely lose its lead when the new season of Game of Thrones arrives in mid-July. In terms of non-game apps, dating apps performed well ahead of the summer social calendar. Supercell dominated the game revenue ranking in Europe. The top story in June’s Top iOS Games and Apps by Revenues and Downloads was the surprise success of Contra Return in the Chinese game ranking, with Tencent’s and Konami’s revival of the classic title hitting a player-versus-player sweet spot.

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In-depth Game Tracking Data The world’s go-to platform for PC and Console games data.Contains the amount of sales discount given to customers, which is usually a discount given in exchange for early payments by customers. Contains either an allowance for reductions in the price of a product that has minor defects, or the actual amount of the allowance attributable to specific sales. Contains either an allowance for returned goods, or the actual amount of revenue deduction attributable to returned goods. There are three commonly used contra revenue accounts, which are: Contra revenue transactions are recorded in one or more contra revenue accounts, which usually have a debit balance (as opposed to the credit balance in the typical revenue account). The Contra Revenue AccountĬontra revenue is a deduction from gross revenue, which results in net revenue. Within equity, an example of a contra account is the treasury stock account it is a deduction from equity, because it represents the amount paid by a corporation to buy back its stock. A contra liability account is not classified as a liability, since it does not represent a future obligation.

The two accounts together yield the carrying value of the bond. An example of a contra liability account is the bond discount account, which offsets the bond payable account. The contra liability account is less common than the contra asset account. A contra asset account is not classified as an asset, since it does not represent long-term value, nor is it classified as a liability, since it does not represent a future obligation. Taken together, the asset account and contra asset account reveal the net amount of fixed assets still remaining. The fixed asset account contains the original acquisition cost of a number of fixed assets, while the contra account (accumulated depreciation) contains the sum total of all the depreciation expense that has been charged against those assets over time. The most common contra account is the accumulated depreciation account, which offsets the fixed asset account. Thus, the natural balance of a contra account is always the opposite of the account with which it is paired. If the related account is a liability account, then a contra liability account is used to offset it with a debit balance. If the related account is an asset account, then a contra asset account is used to offset it with a credit balance. Sometimes the balances in the two accounts are merged for presentation purposes, so that only a net amount is presented. Contra accounts appear in the financial statements directly below their paired accounts.

A contra account offsets the balance in another, related account with which it is paired.

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