Rs. 20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded

इंडियन गवर्नमेंट एग्जाम प्रेप

A Payment

B Receipt

C Contra

D Post-Dated

Correct Answer: C

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 withdraw amount from bank.

Go to Gateway of Tally > Accounting Vouchers > Select F4: Contra from the Button Bar or press F4 .

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