The Contra voucher can be recorded using Double Entry mode where we have the option to select multiple Debits and multiple Credits. To select multiple Debit and Credit ledgers in the Double entry mode, set Use Single Entry Mode for…

The Contra Voucher can be recorded using Single entry mode or Double Entry mode.  To toggle between Single Entry and Double Entry mode, we need to change the setting Use Single Entry mode for Pymt/Rcpt/Contra to Yes/No in F12: Configure.…

Contra entry is the recording of fund movement between bank account to cash account, cash account to bank account,bank account to bank account and cash account to cash account. This is an adjustment transaction where there is no business affect…