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what do you mean by contra entry? and where it is used?
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Answer Posted / sarfraz khan
CONTRA IS A ENTRY VOUCHER IN ACCOUNTANCY WHICH MANTAIN THE
RECORD OF ALL ENTRIES RELATED TO BANK TO CASH, CASH TO
BANK, OR TRANSFER THE ACCOUNT EITHER BY CHECK OR CASH TO
BANK OR VICE VERSA OF THE CONCENRED COMPANY.AND INTERNAL
BANK TRANSFER OF THE SAME COMPANY.
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