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Tally vouchers

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10 September 2014 what is the use of contra voucher in Tally instead we can use payment/Receipt vouchers right..? if not please explain me why...?
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
11 September 2014 Dear Naveena,

In contra transaction there is no involvement of third party, as there is movement of funds withing the organization.

Hence payment or receipt voucher is no applicable and nor allowed in tally.

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