Question

what are contra entries

Answer 1

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.

Hope this helps u


Mark me as a brainliest

Answer 2

heya❤️✌️❤️✌️❤️

answer:-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.

#follow me✌️❤️✌️❤️✌️❤️