1. Contra
  2. Payment
  3. Receipt
  4. Post-Dated
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1 Answers

Answer: Option 1

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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