Tally entries doubt

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CA student
216 Points Posted on 29 January 2021
sir what is mean by contra entry in tally.
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On 29 January 2021 at 12:39 Report
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This discussion clarifies the meaning of a 'contra entry' in Tally software. It explains that contra entries specifically refer to transactions involving both cash and bank accounts. Examples include depositing cash into a bank, withdrawing cash from a bank, or transferring funds between bank accounts of the same entity.

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CA Student
15932 Points Posted on 29 January 2021
Originally posted by : CA sanjay Kumar
sir what is mean by contra entry in tally.

Transactions involving cash and bank accounts, like, cash withdrawn from bank, cash deposited in bank, balance transferred from one bank to another of same entity etc.

Though a beginner can have this doubt, but as you're using CA as a prefix to your name, it makes me a little doubtful about it. If you're yet to be one and just starting, please don't use it yet.

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On 29 January 2021 at 13:01
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CA student
216 Points Posted on 29 January 2021
My dear sir,CA means not chartered accountant which means care and affection of all people's that's why I entered sir...


thanks for your kind reply 😊
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On 29 January 2021 at 13:04

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