Contra Account in German, French, Spanish & Italian

What does Contra Account mean?

An account that reduces the balance of another account.

Contra Account in a sentence

Accumulated Depreciation is a Contra Account that reduces the book value of a fixed asset.

German

Korrekturkonto

also Gegenkonto

Konto, das den Saldo eines anderen Kontos berichtigt.

French

Compte de contrepartie

also Compte de correction

Compte utilisé per diminuer la valeur d'un autre compte associé.

Spanish

Cuenta de contrapartida

also Contrapartida

Cuenta cuyo saldo resta valor a la cuenta principal con la que se asocia.

Italian

Conto di rettifica

also Contropartita

Conto che opera in diminuzione rispetto a un altro conto.