WebContra liabilities have a debit balance. Equity accounts have a credit balance. Contra equity has a debit balance. Revenue accounts have a credit balance. Credit Balance Credit Balance is the capital amount that a company owes to its customers & it is reflected on the right side of the General Ledger Account. WebA Contra liability account is an account that is used to offset another liability account on the balance sheet. Contra liability accounts are typically used for bonds, notes payable, and …
What Is a Contra Broker? - Investopedia
WebApr 15, 2024 · A contraindication is a specific situation in which a drug, procedure, or surgery should not be used because it may be harmful to the person. There are two types of contraindications: Relative contraindication means that caution should be used when two drugs or procedures are used together. (It is acceptable to do so if the benefits outweigh ... WebIn accounting, the term CONTRA is used to describe a type of account that is used to offset the balance of another account. This is done to ensure that the financial statements … preferred equity etf
What Is Contra In Accounting? Definition And Examples
Webcontra broker. The broker on the opposite side of a transaction. To a broker acting as an agent to buy, the contra broker is the selling broker. Conversely, to a broker on the sell side, the contra broker is the broker on the buy side. Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. WebMar 11, 2024 · In American English, this most commonly means that someone is opposed to what has just been said. In British English, the phrase on the contrary means “quite the reverse” or “not at all.” These … WebContra Revenue is a difference in gross revenue and net revenue. It usually has a debit balance and is a helpful tool for the company to know the product specifications, whether it is optimum or not, as per customer requirements. Table of contents What is Contra Revenue? Types of Contra Revenue Formula Examples of Contra Revenue scotbet perth