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Contra items are transactions that occur between two parties that results in an equal offset or cancellation of amounts that each party owes each other. This can happen when both parties owe money to each other, and instead of making separate payments, they agree to offset the amounts against each other. Contra items are common in accounting to simplify the reconciliation process.
Wiki User
∙ 10y agoAs far as accounting is concerned, i believe Contra Items are entries that set off each other; the second entry is posted to cancel off the first one which is assumed being initially posted in error
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Do you have Contra Funds in India?
Some of the leading Contra Funds available for us to invest are: 1. ING Contra Fund 2. Kotak Contra Fund 3. L & T Contra Fund 4. SBI Magnum Sector Funds Umbrella - Contra 5. TATA Contra Fund 6. UTI Contra Fund and 7. Religare Contra Fund
What has the author Contra written?
Contra. has written: 'Kesmasolin'
When was Contra - album - created?
Contra - album - was created in 2009.
When was Contra Conspiracy created?
Contra Conspiracy was created in 1988.
When did Contra Force happen?
Contra Force happened in 1992.
When was Contra Tiempo created?
Contra Tiempo was created in 2010.
What is the population of Tenero-Contra?
The population of Tenero-Contra is 2,380.
When was Super Contra created?
Super Contra was created in 1988.
When did Super Contra happen?
Super Contra happened in 360.
When did Neo Contra happen?
Neo Contra happened in 2004.
How can you use contra in a sentence?
I used to play Contra on Nintendo
When did Contra ReBirth happen?
Contra ReBirth happened in 2009.
