ACCOUNTINGin a company'sdouble-entrybookkeeping, anaccountrelatingto abusinessthatsuppliesgoods, etc. to thecompanyas well as being acustomer. Theaccountshowsthetotalthat isowedto or by thatbusinessat aparticulartime.(Definition ofcontra accountfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcontra account
contra accountA contra expense account will behave in the opposite way a normal expense account will; instead of debiting to increase, acontraaccountmust credit to increase.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.There is no recognition in the arguments of thecontraaccount.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Are their accounts to be submitted on acontraaccountfor services rendered during the same period?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Is there not acontraaccountto the benefit of the local authorities in respect of the reduction of the rates?From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0There is also the question whether there is anycontraaccountwith the other departments in that connection.From theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0Some balance sheet items have corresponding contra accounts, with negative balances, that offset them.FromWikipediaThis 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 theHansard archiveExample from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0These 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.#https://dictionary.cambridge.org//dictionary/english/contra-account##
