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05:07 Sep 14, 2008 |
Serbian to English translations [PRO] Accounting | |||||||
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| Selected response from: Dragomir Kovacevic Italy Local time: 03:33 | ||||||
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Summary of answers provided | ||||
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5 +2 | Counter-entry |
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4 | contra account |
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3 | reversing entry |
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contra account Explanation: Reduction to the gross cost of an asset to arrive at its net cost; also called valuation allowance. For example, accumulated depreciation is a contra account to the original cost of a fixed asset to arrive at Book Value. Reference: http://www.businessdictionary.com/definition/contra-account.... Reference: http://www.answers.com/topic/contra-account |
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reversing entry Explanation: http://www.financial-dictionary.com/reversing_entry.html |
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Counter-entry Explanation: Counter-entry - in Double Entry Accounting System -------------------------------------------------- Note added at 3 hrs (2008-09-14 08:56:41 GMT) -------------------------------------------------- http://www.financial-dictionary.com/double-entry_accounting.... - http://www.financial-dictionary.com/double-entry_bookkeeping... |
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