Accountancy, asked by aman342777, 1 year ago

explain contre entry ​

Answers

Answered by sanjanakushwaha91
0

Answer:

a contra entry is a entry which is recorded to reverse

Answered by LovelyAisha
1

Answer:

Hey....

Here is your answer✓

Explanation:

Contra Entry. In the dual entry accounting system, a contra entry is an entry which is recorded to reverse or offset an entry on the other side of an account. If a debit entry is recorded in an account, it will be recorded on the credit side and vice-versa.

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