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what do you mean by contra entry? and where it is used?

Question Posted / rajinder dhawan

Answer Posted / rajinder dhawan

In Oracle:

Contra Entry Means GL Contra Entry and there below
entries are passing.

Funds in Transit Dr xxxxxx ( Bank Account)

To cash collection.

This entry depends ib Fund in Transit and Cash in Transit.

Is This Answer Correct ?    9 Yes 27 No



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