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How do you post a contra entry item?

Accounting Accounts Payable Accounts Receivable General Ledger Bookkeeping
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Question added by JULIUS MURE MWARO , ACCOUNTANT , said abeid said & co.
Date Posted: 2015/10/12
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ochan elias benard
by ochan elias benard , accounts assistant , euroflex limited

we post the contra entries only when we are transferring cash A/c to another cash A/c, or from cash To Bank A/c.

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