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what do you mean by contra entry? and where it is used?
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Answer / asmar
contra entry is an entry in which one entry is created for
canceling the effect of its againest entry with the same
amount.
| Is This Answer Correct ? | 5 Yes | 9 No |
Answer / m.abinay
Contra entry is the entry that transaction is entred twice.
mostly that will be used in the banks.
| Is This Answer Correct ? | 4 Yes | 11 No |
Answer / rajinder dhawan
In Oracle:
Contra Entry Means GL Contra Entry and there below
entries are passing.
Funds in Transit Dr xxxxxx ( Bank Account)
To cash collection.
This entry depends ib Fund in Transit and Cash in Transit.
| Is This Answer Correct ? | 9 Yes | 27 No |
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