Question :

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


Which of the following is compulsory to create while entry in Accounts with Inventory


A) Stock Groups
B) Stock Items
C) Units of Measure
D) All of these

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Related Questions - 2


Which unit is created for stock items like grain, pulse, sugar, oil, ghee etc.


A) Lts
B) Nos
C) Kgs
D) Box

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Related Questions - 3


Professionals usually maintain accounts as


A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting

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Related Questions - 4


How many types of Measurement Units we can create in Tally


A) 2
B) 3
C) 5
D) Unlimited

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Related Questions - 5


Vouchers can be displayed in


A) Accounts info
B) Day book
C) Inventory info
D) Ledger

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