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wat is contra Entry

Answer Posted / gaurav garg

Dear Sir/Madam

when a businessman deposit cash in bank or when withdraw
cash form bank than this entry go both ledger "cash ledger"
and "Bank Ledger".

If businessman deposit cash in the bank than cash ledger
will credit(Cr.) and Bank ledger will debit (Dr.). and

if businessman withdraw cash from bank than cash ledger will
Debit(Dr.) and bank ledger is Credit(Cr.) in Contra Voucher

contra entry (shortcut key press-F4 ) in tally software and
entre this entry in this contra voucher.

Is This Answer Correct ?    16 Yes 1 No



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