Glossary entry

English term or phrase:

Contra balances

Spanish translation:

saldos de las contracuentas

Added to glossary by patinba
Jul 19, 2018 02:59
5 yrs ago
English term

Contra balances

English to Spanish Bus/Financial Finance (general) Tax Audit
Analysis of "contra balances" is one of the activities during the internal control audit of the company .
Proposed translations (Spanish)
4 saldos de las contracuentas
Change log

Jul 26, 2018 11:30: patinba Created KOG entry

Proposed translations

8 hrs
Selected

saldos de las contracuentas

Contra accounts — AccountingTools
https://www.accountingtools.com/articles/what-is-a-contra-ac...
Oct 3, 2017 - Contra Account Overview. A contra account offsets the balance in another, related account with which it is paired.

Contra Account - Investopedia
https://www.investopedia.com/terms/c/contraaccount.asp
A contra account is an account used in an account ledger to reduce the value of a related account. A contra account's natural balance is opposite of the associated account. If a debit is recorded in a related account, the contra account record also records a credit.

A contra account is a general ledger account which is intended to have its balance be the opposite of the normal balance for that account classification. For instance, a contra asset account is intended to have a credit balance instead of the debit balance normally found in an asset account.
What is a contra account? | AccountingCoach

Contra cuenta (Cuentas reguladoras). Una cuenta con dos características que la distinguen: 1)-siempre la acompaña otra cuenta, 2)-su saldo normal es el opuesto al de la cuenta acompañante.
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