Contra Voucher in Tally Prime
A Contra Entry is a type of accounting entry that involves the transfer of funds within the same business, specifically between cash and bank accounts. These transactions do not involve third parties like customers or vendors. A contra entry is recorded in the following situations:
- Cash Deposited into Bank : When a business deposits cash into a bank account.
- Cash Withdrawn from Bank : When a business withdraws cash from a bank account.
- Bank to Bank Transfer : When money is transferred between two bank accounts.
- Cash Transfer Between Accounts : When money is moved from main cash to petty cash.
Recording Contra Voucher:
You can use a Contra Voucher to record cash and bank entry in either Single Entry or Double Entry mode.
Contra in Single Entry Mode
Example: A company deposits ₹50,000 into its SBI Bank account from cash.
- In "Gateway of Tally" Window => click "Vouchers" => press F4 (Contra).
- Press Ctrl+H (Change Mode) => select Single Entry.
- In Account field, select the SBI Bank (Bank A/C) ledger.
- Under Particulars, select the Cash ledger, and enter the amount in Amount column.
- Press Enter or click on "Yes" in the Accept Screen
- Alternatively, Press Ctrl + A to save the voucher.
Contra in Double Entry Mode
Example: A company withdraws ₹20,000 in cash from HDFC Bank for daily expenses.
Particulars |
Credit (Cr) |
Debit (Dr) |
HDFC Bank A/c (Bank Account) |
₹20,000 |
|
Cash A/c (Cash-in-Hand) |
|
₹20,000 |
- In "Gateway of Tally" Window => click "Vouchers" => press F4 (Contra).
- Press Ctrl+H (Change Mode) => select Double Entry.
- Cr: Credit the bank ledger and enter the amount in Credit column.
- Dr: Debit the cash ledger and enter the amount in Debit column.
- Press Enter or click on "Yes" in the Accept Screen
- Alternatively, Press Ctrl + A to save the voucher.
Contra Entry with Examples
Example 1 : A company transfers ₹1,00,000 from HDFC Bank to SBI Bank.
Particulars |
Credit (Cr) |
Debit (Dr) |
HDFC Bank A/c (Bank Account) |
₹1,00,000 |
|
SBI Bank A/c (Bank Account) |
|
₹1,00,000 |
Example 2 : A company transfers ₹5,000 from the main cash account to petty cash for office expenses.
Particulars |
Credit (Cr) |
Debit (Dr) |
Cash A/c (Cash-in-Hand) |
₹5,000 |
|
Petty Cash A/c (Cash-in-Hand) |
|
₹5,000 |
Example 3 : A company withdraws ₹15,000 from SBI Bank ATM for office use.
Particulars |
Credit (Cr) |
Debit (Dr) |
SBI Bank A/C (Bank Account) |
₹15,000 |
|
Cash A/c (Cash-in-Hand) |
|
₹15,000 |