en lugar de contra

19:52 Dec 8, 2016
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / e-mails
Spanish term or phrase: en lugar de contra
$54.9 millones llevados a gasto en lugar de contra la amortización -

I'm confused by the two prepositions "en lugar de" and "contra."
Emily Tell
United States
Local time: 22:15


Summary of answers provided
4$54.9 million recorded as expenses and not as a reversing entry for amortization
Francois Boye
4in place of accumulated depreciation
bigedsenior
3accounting entries
Octavio Armendariz


  

Answers


39 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
accounting entries


Explanation:
The whole sentence:

$54.9 in expenses was recognized as follows:
$54.9 was debited to Depreciation Expense
$54.9 was credited to Accumulated Depreciation

Octavio Armendariz
United States
Local time: 22:15
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 28

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: accounting entries = asientos contables
4 hrs
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40 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
in place of accumulated depreciation


Explanation:
Depreciation is ometimes called a 'contra account'

bigedsenior
Local time: 22:15
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 305

Peer comments on this answer (and responses from the answerer)
neutral  Francois Boye: contra account is not 'contra la amortizacion'
5 hrs
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6 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
$54.9 million recorded as expenses and not as a reversing entry for amortization


Explanation:
My understanding of 'contra' is 'reversing entry', i.e., an entry reversing a previous entry.

I say amortization instead of depreciation because the text is about finance and debt

Francois Boye
United States
Local time: 01:15
Specializes in field
Native speaker of: Native in FrenchFrench
PRO pts in category: 272
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