What is contra entry?

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What is contra entry?
Posted by:
Vrushali Dixit Dixit
10-September-2017

Question added by Deleted user
Date Posted: 2014/04/19

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1 Answers

by Adel Hafouda , Finance Analyst II , Amerada Hess Libya Exploration LTD.

If a transaction requires entries on both the debit and the credit sides simultaneously, it is called 'Contra entry'

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