Tally Vouchers With Definition and Examples
Contra Voucher (F4)
Contra voucher is used when money is transferred from bank
account to cash account or vice versa from one bank account to another bank
account within the same company for ex. Withdrawal of money from bank account
for petty cash use.
Ex. On 1st April withdraw rs 2000/- from bank
account for petty cash use
For debit credit mode (double entry mode)
Click on f12 configuration set no for use single entry mode
for receipt/contra/payment vouchers.
Credit: bank acc (bank details, cheque details)
Debit: petty cash ( cash-in-hand group)
Narration: amount withdrawal for petty cash. Ch. No. 12345
Single entry mode:
Account: petty cash (account is the amount which is receiving
the amount)
Particular: bank(which is giving the amount)
Payment Voucher
Payment voucher is used when we pay money to creditor or any
other party. Payment can be by cash or through a cheque that is by bank.
For example a company paid a cheque of a rupees 4000 against
an old purchase to a creditor other examples could be
Electricity Bill payment, telephone bill payment, purchase of
stationary for office use etc.
Question: On 1st April paid rs 2500 to star enterprises by
cheque.
Single Entry mode
Account: Indian Bank (cheque)
Particular: Star enterprises.
Double entry mode
Debit: star enterprises
Credit: Indian bank
Narration: paid to sundry creditor by cheque
Receipt Voucher
Receipt Voucher is used when the company receives the money
from debtor or any other party
For example The company received cheque of rs 4000 from old
sales from Debtor
Other examples could be Received interest, received
commission, sold old office furniture and received money..
Question: On 5th april received cash from sk brothers by
cash
Single entry mode
Account: cash (debited ac)
Particular: s and k (we got money from sk brothers)
Double entry mode
Debit: cash
Credit: s and k brothers
Narration: received amount by cash.