Transfer

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This discussion clarifies the accounting entry required when transferring funds from a cash credit account to a current account in Tally. The correct entry is to debit the cash credit account and credit the current account. This entry is considered a contra entry if both accounts are set up under the 'Bank Accounts' group in Tally.

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(Querist)
11 March 2020 Sir, current account se cash credit account me paise transfer krne ki entry kya hogi? Kya entry contra me hogi
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 March 2020 Cash credit account Dr
To Current account Cr
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Tiya t

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Tiya t (Querist)
12 March 2020 Thank you sir but kya ye entry contra me hogi
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VIJAY KUMAR

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VIJAY KUMAR (Expert)
12 March 2020 Yes if you have created both the accounts under bank accounts group in Tally.
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Tiya t

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Tiya t (Querist)
12 March 2020 OK thank you very much sir
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