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 Rs.20,000 withdrawn from State Bank.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

    2. A.

     Payment
    B.

     Receipt
    C.

     Contra
    D.

     Post-Dated

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    Workspace

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    Answer : Option C

    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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