contra account Meaning in the Cambridge English Dictionary
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Meaning of “contra account” in the English Dictionary

"contra account" in Business English

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contra accountnoun [C]

uk   us  
ACCOUNTING in a company's double-entry ​bookkeeping, an ​accountrelating to a ​business that ​suppliesgoods, etc. to the ​company as well as being a ​customer. The ​accountshows the ​total that is ​owed to or by that ​business at a particular ​time.
(Definition of contra account from the Cambridge Business English Dictionary © Cambridge University Press)
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