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Cash withdrawl and deposit entry

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before going to actual accounting entry, one should know the basic of accounting and debit and credit rules to under stand which account in tally should be debited and which should be credited

On special request of one tally nine reader, I am posting here how to make cash deposit and withdrawal entry in tally.

I will let you know a very simple way to record deposit and withdraw transactions in tally whereby you don’t need to use contra (F4) button in tally.

Go to voucher entry and press F12 Configuration
Use single entry for payments/receipts/contra “Yes”
Now Set use payment as contra to “yes”

and accept the screen by pressing CTRL+A

now suppose if you have to withdraw cash by self cheque from axis bank
then put the date of transaction

Then in the first ledger account type the name of the bank say axis bank and press enter
now for the second ledger account select cash account and type the value of the amount to be withdrawing from bank say rs. 1,00,000.00 and press enter

write the narration and accept the screen and its done!

on the same way, you may enter transaction of cash deposit. in that case the first ledger you have to enter is cash and the second is of the bank e.g. one that ask for amount.
This is very simple

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About the Author

Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site

Leave a Reply 35 comments

MOHAMMAD - 6 years ago Reply

CAN U SAY HOW TO ENTER BANK STATEMENT IN TALLY 9.0

ALI - 6 years ago Reply

my frnd mohammed , u jst go to display option from gateway of tally & u will get Accounts books option & in that another option called cash/bank account through these you can see cash or bank statement.Am i right Mr. Mahendra sir

Mukesh - 6 years ago Reply

Hi Mahendra,

Could you explain how to bring the “cheque details section” in the above voucher (The bottom left section in your screenshot)?
Is this done using TDL or is their an option in TALLY itself which i must have missed?

Thanks,
Mukesh

Mahendra Rana - 6 years ago Reply

Hi Mukesh,
This features are available in Tally.erp 9 version. If you are using an old version, then it may not be available!
If you are using tally.erp 9 and not able to get this feature, then please do let me know. I will fix it.

vetrivel - 6 years ago Reply

hi
when i try to enter the contra entry by multi currnecy it is not accepting
for example
Bank Dr AED 20000000,
Bank Cr USD 544,365.81
Exchage rate 3.67400025
fraction amount one fils is coming. how to solve this?

Mahendra Rana - 6 years ago Reply

Vetrivel,
thanks for contacting us
Please join our premium membership.
No free support please read more http://176.58.120.139/wordpress/get-premium-support-on-tally.html about premium membership

gaurav - 6 years ago Reply

hi
can you guide me about receipt & payment (settings) to pass journal entry.

harshit - 5 years ago Reply

hi i want to know how can i carry forward my legers without there balance bcoz we have recipt and made payment on account i want to start recipts and payment invoice wise
thnaks

Mahendra Rana - 5 years ago Reply

Hello Harshit,
I do not provide any support if a query is posted without the Tally.erp 9 serial number

mang guite - 5 years ago Reply

you mean to say, i cannot use educational mode?? i about to learn tally, just download 9 rel 3

mittal - 5 years ago Reply

hi i want In Receipt Details of Currency and In Print in erp9.3

Mahendra Rana - 5 years ago Reply

Mital,
Already told you, that can be done only through a TDL

avijit - 5 years ago Reply

sir, please reply me with a example of cash to cash contra entry.

Ahmed - 4 years ago Reply

Sir, how do i record cash transfered from SBI bank to SBI bank in Tally.what is the procedure/steps…coz when i tried to enter this in Journal its not showing Bank…can u plz help me in this.

seenivasan - 4 years ago Reply

Sir, how do i record cash transfered from SBI bank to SBI bank in Tally.what is the procedure/steps…coz when i tried to enter this in Journal its not showing Bank…can u plz help me in this.

seem - 4 years ago Reply

sir please tell me cash deposite entry in contra

HEENA - 4 years ago Reply

PLEASE TELL HOW TO PRINT CASH WITHDRAWAL CHEQUE IN TALLY 7.2
I AM PRINTING PARTIES CHEQUE BUT NOT ABLE TO PRINT CASH WITHDRAWAL CHEQUE PLS HELP ME

sunil - 3 years ago Reply

we entered purchase entries in tally7.2.
if we purchase goods then give cheque to that person.
he cheque draw at bank.
after we get bank statements.
then we entered in payments.
here our entry at both purchase & payment.
now will change or delete purchase entry?
please reply

Aditya - 3 years ago Reply

Dear sir,

How to double entry with inventory.
exp . Ambica traders we purchase Inventory. we are maintain account with inventory. how to entry tool & spear in indirect expense.

shabbir - 3 years ago Reply

sir, how to enter the contra entry if the deposits in bank what entry will come
Accounting Voucher Alteration (Secondary)

Contra No.13
—————————————————-
particulars debit credit
—————————————————-
Cr Cash 115,130.00
Cur Bal: 439,178.15 Cr.
Dr Emirates NBD Dirham A/c. 115,130.00

cash received from customer and deposited the same

PLEASE GIVE RIGHT ANSWER FOR WHICH I EVER THANKFUL TO YOU

vim - 3 years ago Reply

How to entered Dairy accounts in tally

khaj moinuddin - 3 years ago Reply

sir how to enter a ow chque return entry in tally give details

kailash ratad - 3 years ago Reply

Dear sir,

how to make service tax entry in tally erp 9 pls advice

radhika - 3 years ago Reply

sir i want to learn tally erp 9 will u help me in this

RASMI TRIPATHY - 3 years ago Reply

want to do entry of payment made through owners personal cheque and cash to parties. how it will be done in tally what ledger to be created and what group.

RASMI TRIPATHY - 3 years ago Reply

want to do entry of payment made through owners personal cheque and cash to parties.

s padma - 3 years ago Reply

if a bank releses one crore fund to a pvt ltd company what type of surity they will ask

Manooj - 3 years ago Reply

can you guide me how to make salary payment in tally

Sushanta Datta - last year Reply

Hello, would you please tell me how to do the entry where cash is deposited to Bank by Third Party (Say Mr. X) through NEFT to my Bank Account ?

Mahendra Rana - last year Reply

debit bank account
Credit the party on whose behalf the money is received

KEVIN NAMUSISI - last year Reply

dear sir, l need to know how to record this if acheque is written in my name to withdraw money from the bank and pay it out as cashh am so confused and also how can l; record this if asingle cheque is written including different transactions or payments how can l record it.. please help me am avery fresh accountant who needs to learn so much about tally but its confusing me alot…. this is my first job and am so challenged.. please help l will be very glad if my request is granted. tx alot. om

Mahendra Rana - last year Reply

Hello, Kevin,
You can describe your problems clearly so that I can help you but if give me half half information then how can I help you?

prashanti - 7 months ago Reply

hello sir could u please tell me how to do contra entry in tally erp9.

Darshan Jain - 7 months ago Reply

what will be entry for bank withdrawal?

Safi - 7 months ago Reply

Hi,
How i should pass the withdrawal form bank in Voucher.

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