How to create a Contra Entry in Double Entry mode? @ Tally.ERP9

Query

How to create a Contra Entry in Double Entry mode?

Answer

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

  • Select F4: Contra from the Button Bar or press F4.

For example, to transfer funds from Multiple Cash Accounts to a Bank Account:

  1. Debit the Bank Account

  2. Credit the Cash Accounts

The entry will be displayed as shown.

Contra Entry in Double Entry mode? @ Tally.ERP9

Special Keys for Voucher Narration Field:

  • ALT+R: Recalls the Last narration saved for the first ledger in the voucher, irrespective of the voucher type.

  • CTRL+R: Recalls the Last narration saved for a specific voucher type, irrespective of the ledger.

Note: If you require Dr/Cr instead of To/By, as explained in the Configuration section, activate the option Use Cr/Dr instead of To/By during entry in F12: Configure.

 
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