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  1. Transfer from main cash to petty cash you require to pass ________

  2. A.

     Voucher

    B.

     Payment

    C.

     Contra

    D.

     Receipt

    View Answer

    Workspace

    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 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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