Need accounting help with the meaning of contra entry

Accounting
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meaning of contra entry

Dec 13th, 2015

Thank you for the opportunity to help you with your question!

Is a dual accounting system which is recorded to offset or reverse an entry on the other side of the accounts ,for instance for a debit entry is recorded in an account contra entry will be recordrd on the credit side and vice versa.

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Dec 13th, 2015

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Dec 13th, 2015
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Dec 13th, 2015
Dec 10th, 2016
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