How to create a Contra Entry in Double Entry mode?
The Contra entry can be passed using Double Entry mode where we have the option to select Multiple Debits and Multiple Credits. To select Multiple Debit and Credit ledgers in the Double entry mode, set Use Single Entry Mode for Payment/Receipt/Contra to No in F12: Configure.
Voucher entry in Double Entry Mode
Go to Gateway of Tally > Accounting Vouchers
For example, to transfer funds from Multiple Cash Accounts to a Bank Account:
Debit the Bank Account
Credit the Cash Accounts
The entry will be displayed as shown.