- 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.
Look at other dictionaries:
contra entry — ➔ entry * * * contra entry UK US noun [C] ACCOUNTING ► an amount that is included in one part of a set of accounts as the opposite of an amount in the other part. For example, the contra entry of a €100 credit (= amount added) is a €100 debit (=… … Financial and business terms
contra entry — / kɒntrə ˌentri/ noun an entry made in the opposite side of an account to make an earlier entry worthless, i.e. a debit against a credit … Marketing dictionary in english
contra entry — / kɒntrə ˌentri/ noun an entry made in the opposite side of an account to make an earlier entry worthless, i.e. a debit against a credit … Dictionary of banking and finance
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