Explain any four types of vouchers used for entry in Tally software w

1.	Explain any four types of vouchers used for entry in Tally software with the help of examples.
Answer» Types of vouchers (any three): (i) Contra voucher: Used for fund transfer between cash and Bank A/c only. This voucher is used if cash is withdrawn from Bank for office or deposited in the Bank from office. (ii) Receipt Voucher: All the inflow of money is recorded through receipt voucher. Such receipts may be towards any income such as receipts from Debtors, loan/advance taken or refund of loan/advance etc. (iii) Payment Voucher: All outflow of money is recorded through payment voucher such payments may be towards any purchases, Expenses, due to creditors, loan/advance etc. (iv) Journal Voucher: It is an adjustment voucher, normally used for non-cash transactions like adjustment between ledgers.

Explain any four types of vouchers used for entry in Tally software with the help of examples.

Answer»

Types of vouchers (any three):

(i) Contra voucher: Used for fund transfer between cash and Bank A/c only. This voucher is used if cash is withdrawn from Bank for office or deposited in the Bank from office.

(ii) Receipt Voucher: All the inflow of money is recorded through receipt voucher. Such receipts may be towards any income such as receipts from Debtors, loan/advance taken or refund of loan/advance etc.

(iii) Payment Voucher: All outflow of money is recorded through payment voucher such payments may be towards any purchases, Expenses, due to creditors, loan/advance etc.

(iv) Journal Voucher: It is an adjustment voucher, normally used for non-cash transactions like adjustment between ledgers.

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