AUSTRAL (AUSTRALES) Definition

Bookmark and Share

AUSTRAL (AUSTRALES) is the currency of Argentina.

Learn new Accounting Terms

CONTRA ACCOUNT is a. the reduction to the gross cost of an asset to arrive at the net cost; also known as a valuation allowance; e.g., accumulated depreciation is a contra account to the original cost of a fixed asset to arrive at the book value; or, b. reduction of a liability to arrive at its carrying value; e.g., bond discount, which is a reduction of bonds payable.

BARTER SYSTEM see TRADE EXCHANGE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.