Thank you for the opportunity to help you with your question!
Contra entry is an adjustment entry
between banker and customer. It means when customer open his account with
bank and he start to do his transactions like deposits into bank,
withdraw from the bank and transfer the amount from one bank account
into another bank account this my be called as a contra entry.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 13th, 2015
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