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what is the difference between contra entry and double entry?
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Answer Posted / sajjad1
under double entry system both the aspect of changes in the
transaction are recorded in the books of accounts one
change is Debit another change is credit with and equal
amount.
Cotra Entry:
An entry in which cash and book both are involved
known as contra entry.
| Is This Answer Correct ? | 6 Yes | 4 No |
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