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Contra

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 April 2013 Dear sir,

pls tell, what is the real meaning of Contra entry and what's purpose of this entry ?
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VISHRUT

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VISHRUT (Expert)
26 April 2013 Contra entry is transaction entry which is carried out where actual outflow or inflow of money do not take place but it just changed its form like cash - Bank , Bank - another Bank etc..

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