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 .
Related Questions - 1
By default, which mode is on in Purchase and Sales voucher
A) Normal Mode
B) Item Invoice Mode
C) Particulars Mode
D) None of these
Related Questions - 2
‘Inventory books’ is used to view
A) Stock Items
B) Group Summary
C) Both A and B above
D) None of these
Related Questions - 3
Where do we record interest received, commission received or rent received in Tally
A) Contra
B) Payment
C) Receipt
D) Journal
Related Questions - 4
Retained Earnings is an alias of
A) Indirect Income
B) Reserve and Surplus
C) Capital Account
D) Investments
Related Questions - 5
We can get the report of Interest from
A) Account Books
B) Cash and Fund flow
C) Inventory Books
D) Statements of Accounts