contra in finance meaning

An accounting entry that represents a deduction from earnings for the purpose of fairly and reasonably representing the value of. In trade barter derived from baretor is a system of exchange in which participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange such as money.


Contra Account Definition Examples Video Lesson Transcript Study Com

Its calculated by summing up the purchase price of all fixed assets and its additional improvements.

. Barter for example features immediate reciprocal exchange not one delayed in time. Debit Balance in a Bank Account. Such an account is said to be overdrawn and so is not actually allowed to have a negative balance - the bank simply refuses to honor any checks presented against the account that would cause it to have a debit balance.

A debit balance is a negative cash balance in a checking account with a bank. Net fixed assets is a metric that evaluates the net value of a companys fixed assets. Economists distinguish barter from gift economies in many ways.


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