Transfer


This query is : Resolved 

Quick Summary
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.

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

12 March 2020 Cash credit account Dr
To Current account Cr

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

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

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


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