单词 | contra account |
释义 | contra account in Accounting (kɒntrə əkaʊnt) Word forms: (regular plural) contra accounts noun (Accounting: Financial statements) account , account A contra account is an account with a balance that is the opposite of the normal balance of a related account. An account that reduces a related account is known as a contra account. Book depreciation is the contra account to the asset that is being depreciated on the balance sheet. A contra account is an account with a balance that is the opposite of the normal balance of a relatedaccount. |
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