what is contra

what is contra

1 year ago 45
Nature

Contra can refer to different things depending on the context. Here are some possible meanings:

  1. Contra account: In accounting, a contra account is a general ledger account that offsets the balance in another related account with which it is paired. Contra accounts appear in the financial statements directly below their paired accounts. The natural balance of a contra account is always the opposite of the account with which it is paired. For example, a contra asset account is used to offset an asset account with a credit balance, while a contra liability account is used to offset a liability account with a debit balance.

  2. Contra prefix: Contra is a prefix that means "against," "opposite," or "opposing".

  3. Contra rebels: In the 1980s, the term "Contra" referred to a group of guerrilla fighters in Nicaragua who opposed the Sandinista government.

  4. Contra freelance marketplace: Contra is also the name of a freelance marketplace where clients can discover and hire top-notch talent, manage payments, contracts, and projects, and work the way they want. Freelancers on Contra are said to come across very professionally, and the platform allows them to keep 100% of what clients pay them.

Therefore, the meaning of "contra" depends on the context in which it is used.

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