CONTRA ENTRY Definition

Bookmark and Share

CONTRA ENTRY, in accounting, is a ledger entry which is offset by an opposite entry, either a debit or credit.

Learn new Accounting Terms

TAX LOSS CARRY FORWARD/BACKWARD is a tax benefit that lets a company or individual to deduct losses in order to reduce a tax liability.

TRANSFER PRICE is the price charged by an individual entity in a multi-entity corporation on transactions among the entities involved.

Suggest a Term

Enter Search Term

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