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