Question :

Rs. 20,000 withdrawn from State Bank.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


Which shortcut key is used in Company Features screen to use Accounting Features in Tally


A) F1
B) F2
C) F3
D) F4

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Related Questions - 2


We can change the Company Information from


A) A Company Info > Back up
B) Company Info > Alter
C) Company Info > Split Company Data
D) None of these

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Related Questions - 3


Company features in tally includes


A) Accounting features
B) Inventory features
C) Statutory features
D) All of the above

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Related Questions - 4


Discount Column is available in


A) Sales Invoice
B) Purchase Invoice
C) Both (a) and (b)
D) None of these

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Related Questions - 5


How many inbuilt Accounts group are in tally by default


A) 29
B) 31
C) 25
D) 34

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