Business Terms and Jargon Explained

What is Contra

Is the where a supplier is also a customer and you both owe each other money. The treatment in the accounts is a contra entry which cross cancels between them. No money changes hands except the difference. E.g., a suppler is owed 1000 and they owe us 1000. No money needs to be paid to anyone. In the books they cancel each other out.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z

Search Term   

Integrated Emergency Management LAN Trojan
WERS Preferred stock CRC32
Cuba Clause Marginal Cost Pricing Leu
Ofcom Billion Statutory Company
Bare trust N325 Civil Court form Spouse
Unissued stock Grant caeterorum Quantum of damages
Accounting Rate of Return ASCII Krona
Retail Financial Services Alternative investment Bad debt
Duopoly- ADSL Coin of the realm
Testacy Prime costs Human capital
Dumping Testimony Bandwidth
Aggregate holding company Pre-Finance Goods QROPS
Financial Ombudsman Service WTO Certificate of Incorporation

Term created / updated 2005-07-16 23:12:15

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2022 Scopulus Limited. All rights reserved.