Contra Entry

As per the Accounting Principles, a Contra entry is a transaction involving transfer of cash between one Cash A/c to another or one Cash A/c to another Bank A/c i.e., is a transaction indicating transfer of funds from:

• Cash account to Cash account

• Cash account to Bank account

• Bank account to Cash account

• Bank account to Bank account

To view the Contra Voucher Entry Screen:

Go to Gateway of Tally > Accounting Vouchers

• Select F4: Contra from the Button Bar or press F4

More:

Creating Contra Entry in Single Entry Mode

Creating Contra Entry in Double Entry Mode

Use Payment / Receipt Voucher as Contra

Note: Use the options available in the Button Bar for more additional features and navigation.