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what do you mean by contra entry? and where it is used?
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Answer Posted / anushree
the term cotra is a latin word, & it means the other side
or opposite or against. in accounting, this term means the
opposite sides or both the sides of any account or a
statement. in the context of three-column cash book, this
term means opposite os bith the sides, i.e., the debit side
and the credid side of the cash book,
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