What is the cash withdrawal journal entry in Tally?

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Gateway of Tally > Display More Reports > Analysis & Verification > Data Analysis > Cash Withdrawals/Deposits to Bank. Alternatively, press Alt+G (Go To) > type or select Cash Withdrawals/Deposits to Bank > and press Enter
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Tally trainer, primary school tutor, basic computer knowledge of computer

In Tally, a cash withdrawal journal entry is recorded as a contra entry, meaning it affects both the cash and bank accounts simultaneously. When withdrawing cash, the bank account is debit and the cash account is credit, effectively moving funds from the bank to the company's cash in hand.
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To record a cash withdrawal in Tally: 1. Go to Accounting Vouchers → F6: Payment 2. Select Bank Account (from which cash is withdrawn) 3. Debit Cash (to record the cash received) 4. Enter amount and save. Journal entry: Debit: Cash Credit: Bank
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