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Stolb23 [73]
3 years ago
6

What is contra entry? explain with an example.​

English
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer:

Contra entries are those entries in which same account can be debited and credited in a contrary situation. For example, we debit bank account when depositing cash, when at the same time we credit bank account when withdrawing money from bank.

Explanation:

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4 years ago
Read 2 more answers
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