Adjunct Account


Adjunct Account
An account in financial reporting that increases the book value of a liability account. An adjunct account is a valuation account from which credit balances are added to another account. For example, if a company issues bonds, the unamortized premium on bonds payable account (sometimes called bond premium) is an adjunct account because its credit balance is added to the bonds payable account.

Since a liability account's normal balance is a credit balance, the bond premium account is an adjunct account (its credit balances are added to a separate account). This is in contrast to a contra account, as a discount on bonds payable account would result in a debit to a liability account.


Investment dictionary. . 2012.

Look at other dictionaries:

  • adjunct account — An account that accumulates additions to another Bank …   Black's law dictionary

  • adjunct account — An account that accumulates additions to another Bank …   Black's law dictionary

  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • account — A detailed statement of the mutual demands in the nature of debit and credit between parties, arising out of contracts or some fiduciary relation. A statement in writing, of debits and credits, or of receipts and payments; a list of items of… …   Black's law dictionary

  • contra account — An account which serves to reduce the gross valuation of an asset, also known as a valuation allowance. For example, accumulated depreciation serves as a valuation allowance for machinery and equipment. Contrast with adjunct account, above …   Black's law dictionary

  • contra account — An account which serves to reduce the gross valuation of an asset, also known as a valuation allowance. For example, accumulated depreciation serves as a valuation allowance for machinery and equipment. Contrast with adjunct account, above …   Black's law dictionary

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