contra entry

contra entry
An item booked to a *general ledger account to *offset, cancel, or partially reduce another item. A contra entry is not restricted to the same general ledger account as the item to which it relates - the related item may be made in any general ledger account. The Latin word contra means "against" or "opposite."

Auditor's dictionary. 2014.

Игры ⚽ Поможем написать курсовую

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  • entry — / entri/ noun 1. an item of written information put in an accounts ledger (NOTE: The plural is entries.) ♦ to make an entry in a ledger to write in details of a transaction ♦ to contra an entry to enter a similar amount on the opposite side of… …   Dictionary of banking and finance

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