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.
Please let me know if you need any clarification. I'm always happy to answer your questions.
Dec 13th, 2015
Did you know? You can earn $20 for every friend you invite to Studypool!