Glossary entry (derived from question below)
English term or phrase:
contra liability account
Portuguese translation:
conta retificadora do passivo; conta retificadora do patrimônio líquido
Added to glossary by
Matheus Chaud
Jul 28, 2021 17:14
2 yrs ago
21 viewers *
English term
Contra Liability Account
English to Portuguese
Bus/Financial
Accounting
What Is a Contra Liability Account
In finance, a contra liability account is one that is debited for the explicit purpose of offsetting a credit to another liability account. Contra liabilities reduce liability accounts and carry a debit balance. In other words, the contra liability account is used to adjust the book value of an asset or liability.
In finance, a contra liability account is one that is debited for the explicit purpose of offsetting a credit to another liability account. Contra liabilities reduce liability accounts and carry a debit balance. In other words, the contra liability account is used to adjust the book value of an asset or liability.
Proposed translations
(Portuguese)
| 4 +1 | conta retificadora do passivo; conta retificadora do patrimônio líquido |
Matheus Chaud
|
| 4 | conta de compensação de passivo / conta de contrapartida de passivo |
Mario Freitas
|
Change log
Aug 2, 2021 11:05: Matheus Chaud changed "Edited KOG entry" from "<a href="/profile/1542512">Andre Lange (X)'s</a> old entry - "Contra Liability Account"" to ""conta retificadora do passivo; conta retificadora do patrimônio líquido""
Proposed translations
+1
26 mins
Matheus Chaud
Brazil
Brazil
Native in Portuguese
Brazil
IT Specialist • M.A. in Linguistics
Native in: Portuguese (Variant: Brazilian) 
Works in: English to Portuguese, Spanish to Portuguese, Portuguese to English, and 1 more.
Related KudoZ points
:
12
Selected
conta retificadora do passivo; conta retificadora do patrimônio líquido
contra account = conta retificadora
liability account = conta do patrimônio líquido; conta do passivo
(Dicionário de Direito, Economia e Contabilidade - Marcílio Moreira de Castro)
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Note added at 28 mins (2021-07-28 17:43:01 GMT)
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conta retificadora do passivo:
https://www.google.com/search?q="conta retificadora do passi...
conta retificadora do patrimônio:
https://www.google.com/search?q="conta retificadora do patri...
4 KudoZ points awarded for this answer.
Comment: "Obrigado."
4 hrs
Mario Freitas
Brazil
Brazil
Native in English
&
Portuguese
Works in field
Brazil
32 years engineering/law/contracts
Native in: English (Variant: US) , Portuguese (Variant: Brazilian) 
Works in: English to Portuguese, Portuguese to English
Related KudoZ points
:
117
conta de compensação de passivo / conta de contrapartida de passivo
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