contra account
noun[C]
ukusACCOUNTING
in a company'sdouble-entrybookkeeping, anaccountrelatingto abusinessthatsuppliesgoods, etc. to thecompanyas well as being acustomer. Theaccountshowsthetotalthat isowedto or by thatbusinessat aparticulartime.
Examplesofcontra account
contra account
A contra expense account will behave in the opposite way a normal expense account will; instead of debiting to increase, acontraaccountmust credit to increase.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.There is no recognition in the arguments of thecontraaccount.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Are their accounts to be submitted on acontraaccountfor services rendered during the same period?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Is there not acontraaccountto the benefit of the local authorities in respect of the reduction of the rates?
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
There is also the question whether there is anycontraaccountwith the other departments in that connection.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
Some balance sheet items have corresponding contra accounts, with negative balances, that offset them.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Further, the pamphlet advocates a system of multilateral contra accounts between nations.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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