A contra account offsets the balance in another, related account with which it is paired. https://www.myaccountingcourse.com/accounting-basics/contra-account Why Do “Left” And “Right” Mean Liberal And Conservative? What is the definition of contra-? This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Verb. In essence, contra accounts allow you to report your firm’s gross and net amounts. So now we're apparently back to saying, contra the Obama administration, that Iran's program is still progressing. Up, Up, Down, Down, Left, Right, Left, Right, B, A, Start. Weapons (Best to Worst): (S)Spread Gun- Spreads powerful bullets in a large radius. Contra trading involves buying and selling the same shares without paying for them. Not by Israeli forces, the UN now reports, contra previous stories from the WaPo and the BBC last November. Most brokerages here do not require you to deposit cash with them before buying a stock. Use a contra entry to pay a supplier who is also a customer Use this if you do business with a company who both buys from and sells to you (they act as both supplier and customer), and you want to offset a sales invoice against a purchase invoice. See more. “Inauguration” vs. “Swearing In”: What’s The Difference? The origins of contra dancing go back to colonial days, and its roots can be traced to English country dance. The NES game features two shirtless marines, Larry and Bill, with an arsenal of weapons through 8 different zones. Browse our Scrabble Word Finder, Words With Friends cheat dictionary, and WordHub word solver to find words starting with contra. Constant sickness, either arising from mucous inflammation or ulcer of the stomach, contra—indicate the use of the thermal water. This is often referred to as a Contra Entry. It is described as "contra" because having a credit balance in an asset account is contrary to the normal or expected debit balance. According to multiple sources (1 and 2), the word "contra" can be employed as either a preposition or an adverb. Or do you just have an interest in foreign languages? contra (prep., adv.) © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins From the video game Contra in which two two guy blast their way through hordes of badies using guns and … A contra account is a general ledger account with a balance that is opposite of the normal balance for that account classification. What is the meaning of contra-? If a debit entry is recorded in an account, the Contra Entry In the dual entry accounting system, a contra entry is an entry which is recorded to reverse or offset an entry on the other side of an account. In expecting exact performance, the courts mean that, performance must match contractual obligations.In requiring a contract to be complete, the law is merely saying that any work undertaken must be carried out to the end of the obligations. They are useful to preserve the historical value in … A member of the rebel forces that opposed the leftist government of Nicaragua in the 1980s with the funds and support of the United States government. a prefix meaning “against,” “opposite,” “opposing”: a prefix meaning “pitched lower than” the voice or instrument specified by the following element: Franck de las Mercedes Lost Everything in a Fire…Except His Faberge Egg, Head of D.C. Pro-Israel Think Tank Misrepresents Geneva Deal, Hamas, Not the IDF, Killed This Man's Child. [Spanish, short for contrarrevolucionario, … contra- - WordReference English dictionary, questions, discussion and forums. Found 220 words that start with contra. Be thankful you have this weapon. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. “Capital” vs. “Capitol”: Do You Know Where You’re Going? How do you use contra- in a sentence? In finance, a contra liability account is a liability account that's debited for the explicit purpose of offsetting a credit to another liability account. A contra asset account is an asset account where the account balance is a credit balance. a roundup of editorials pro and contra the proposed constitutional amendment. What Is a Contra Account? Don't Have Enough to Worry About? Consider the problems of the teenager contra those of the adult. The use of a contra account allows a company to report the original amount and also report a reduction so that the net amount will also be reported. WHAT DOES IT MEAN? "against," originally "in comparison with," ablative singular feminine of *com-teros, from Old Latin com "with, together" (see com-) + -tr, zero-degree form of the comparative suffix -ter-. In opposition to something stated or expected; to the contrary. Contra accounts appear in the financial statements directly below their paired accounts. A series of games based on fighting the alien scum, Red/Blood Falcon. Past tense. Learn more. The instance of Nietzsche contra Wagner, already cited, is particularly transparent. a member of a counterrevolutionary guerrilla group in Nicaragua. The Contras were the various U.S. -backed and funded right-wing rebel groups that were active from 1979 to the early 1990s in opposition to the Marxist Sandinista Junta of National Reconstruction Government in Nicaragua. "against, over against, opposite, on the opposite side; on the contrary, contrariwise," mid-14c., from Latin contra (prep. Either way, this quiz on Spanish words for animals is for you. contra- definition: 1. against or opposite: 2. against or opposite: . Contra Ricardo, the share going to land is declining steadily and capital is capturing the gains. The country had just emerged from a civil war and was in the midst of the rising Contra conflict of the early 1980s. Origen had set the note a century before Constantine (Contra Celsum, viii, 68-72). Allowance for doubtful accountsAllowance for Doubtful AccountsThe allowance for doubtful accounts is a contra-asset accou… opposed to; not for. n. A member of the rebel forces that opposed the leftist government of Nicaragua in the 1980s with the funds and support of the United States government. A contra account is a general ledger account that offsets the balance of a corresponding account with which it’s paired. Contra translation in Spanish - English Reverso dictionary, see also 'Contra',contra...',dar contra',encomienda contra reembolso', examples, definition, conjugation contra account definition: in a company's double-entry bookkeeping, an account relating to a business that supplies goods…. English words for contra include against, toward, opposite, towards, facing, counter, fronting and again. and preposition. Collected Papers on Analytical Psychology. The Most Surprisingly Serendipitous Words Of The Day. Set off in construction contracts - Designing Buildings Wiki - Share your construction industry knowledge. Contra definition, against; in opposition or contrast to: Consider the problems of the teenager contra those of the adult. For example, suppose a business has an amount of 1,000 owed by a customer for services provided on account, but also has an amount of 200 due to a supplier (in this case the customers business) for goods it has purchased. But contra William Faulkner, there are signs that the past is finally becoming past. The Dictionary.com Word Of The Year For 2020 Is …. It is a contra-asset account – a negative asset account that offsets the balance in the asset account it is normally associated with. (A debit balance in a contra asset account will violate the cost principle.) “Affect” vs. “Effect”: Use The Correct Word Every Time. Accumulated depreciationAccumulated DepreciationAccumulated depreciation is the total amount of depreciation expense allocated to a specific asset since the asset was put into use. The manager of a contra fund bets against the prevailing market trends by buying assets that are either under-performing or depressed at that point in time. All Free. Contra dance (also contradance, contra-dance and other variant spellings) is a folk dance made up of long lines of couples. Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021, Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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