Need accounting help with the meaning of contra entry

Accounting
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meaning of contra entry

Dec 13th, 2015

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A Contra Entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a debit entry is recorded in an account, contra entry will be recorded 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
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