Q23
Which voucher type is used to transfer amount from one bank to another
A.
Contra
AnswerB.
Payment
C.
Receipt
D.
Post-Dated
Answer: Option A
Solution
Answer: Option A
Solution:
As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Bank / Cash account to another Bank / Cash account, Cash Deposit / Withdrawals into/from Bank. Contra voucher type is used in tally to transfer amount from one bank to another.
Go to Gateway of Tally > Accounting Vouchers > Select F4: Contra from the Button Bar or press F4 .