As per the Accounting Principles, Contra entry means those entries which are affects both cash and bank accounts or related

Payment voucher is used to account all the payments made by the company by way of Cash / Bank. It

Any money received from debtors against sales Invoices or on Account and for all transactions where money is received are

Sales vouchers In Tally Prime are used when the company sells goods to customers. When a sales transaction is made,

Purchase vouchers In Tally Prime are used when the company purchased some goods from suppliers. Purchase entries can be made

Journal voucher in Tally is a voucher type, we record only those transactions which are not related to cash. Journal

Standard Narration module allows defining a list of standard Narrations & using the same while creation of a voucher. It

Voucher is a document containing the details of financial transactions. There are many types of vouchers in tally prime to