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Definition of “contra entry” - English Dictionary

"contra entry" in Business English

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contra entrynoun [C]

uk   us   ACCOUNTING
an ​amount that is ​included in one ​part of a set of ​accounts as the ​opposite of an ​amount in the other ​part. For ​example, the contra ​entry of a €100 credit (= ​amountadded) is a €100 debit (= ​amount taken away) in the other ​part of the ​accounts.
(Definition of contra entry from the Cambridge Business English Dictionary © Cambridge University Press)
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