Which voucher type is used to transfer amount from one bank to another

इंडियन गवर्नमेंट एग्जाम प्रेप

A Contra

B Payment

C Receipt

D Post-Dated

Correct Answer: A

Solution & Explanation

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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