Question :
A) Payment
B) Receipt
C) Contra
D) Post-Dated
Answer : C
Rs. 20,000 withdrawn from State Bank. In which voucher type this transaction will be recorded
A) Payment
B) Receipt
C) Contra
D) Post-Dated
Answer : C
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 withdraw amount from bank.
Go to Gateway of Tally > Accounting Vouchers > Select F4: Contra from the Button Bar or press F4 .
Related Questions - 1
Reversing journal is a
A) Conventional Voucher
B) Unconventional Voucher
C) Both (a) and (b)
D) None of these
Related Questions - 2
Which shortcut key is used in Company Features screen to use Inventory Features in Tally
A) F1
B) F2
C) F3
D) F4
Related Questions - 3
To create Scenario which option requires to be activated
A) Use Rev Journal ; Optional voucher in F12
B) Use Optional voucher in F11
C) Use Reversing voucher in F11
D) Use Rev journal ; Optional voucher in F11
Related Questions - 4
ERP stands for
A) Enterprise resource planning
B) Economic resource planning
C) Efficient resource planning
D) Economic resource processing
Related Questions - 5
We can use Stock Journal for
A) Production and Consumption
B) Inter Godown transfer for stock
C) Both (a) and (b)
D) None of these