Tally entries doubt

sir what is mean by contra entry in tally.
Replies (2)
Quick Summary
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.

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Transactions involving cash and bank accounts, like, cash withdrawn from bank, cash deposited in bank, balance transferred from one bank to another of same entity etc.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

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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