As per accounting rules , contra entry is a transaction indicating transfer of funds from..
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Cash Account to Bank Account (Cash Deposit)
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Bank Account to Cash Account (Cash Withdrawal)
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One Bank Account to another Bank Account (Bank Transfer)
The following Vouchers can be done through the Contra Vouchers :
(a) Cash Deposited into Bank
(b) Cash Withdrawal from the Bank
(c) Funds Transfer from One Bank to another Bank
(d) Cash Transfer to Petty Cash
Gateway of Tally > Vouchers > Press F4 (Contra Vouchers)
Alternatively, press Alt+G (Go To) > Create Voucher > F4 (Contra Vouchers)
(A) Cash Deposit Voucher
Transactions : ₹. 5000 deposited in State Bank Of India as on 1-09-2020.
 165
(B) Cash Withdrawal Voucher
Transactions : ₹. 5000 withdrawn from Axis Bank Ltd. as on 1-04-2020.
 166
(C) Fund Transfer Voucher
Transactions : ₹. 5000 transfer from Axis Bank Ltd to State Bank Of India as on 1-04-2020.
 167
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