Question :
A) Contra
B) Payment
C) Receipt
D) Post-Dated
Answer : A
Which voucher type is used to transfer amount from one bank to another
A) Contra
B) Payment
C) Receipt
D) Post-Dated
Answer : A
Description :
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 .
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A) Stock Groups
B) Stock Items
C) Stock Categories
D) Units of Measure
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C) Land is purchased for Rs 10 lakhs
D) An employee is dismissed from the job
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What is the advantage of a computer-based transaction processing system
A) Does not require as stringent a set of internal controls
B) Will produce a more accurate set of financial statements
C) Eliminates the need to reconcile control accounts and subsidiary ledgers
D) Will be more efficient at producing financial statements
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We can show Bill wise details of Debtors and Creditors by activating
A) Maintain Bill by bill
B) Maintain Bill wise Details
C) Maintain References
D) None of these