What is a voucher?
One document that serves as evidence of statement for accounting transactions is a voucher. It is essentially a declaration that details the products or services that have been purchased, the services rendered, the payment authorization, and the addition to the ledger account where all of the transactions are documented.
Credit Vouchers: What Are They?
Documents that capture accounting transactions and have monetary worth, such as cash payments when they are made, are called credit vouchers. This voucher essentially documents a payment made with cash or a check. Another name for the credit voucher is a “receipt voucher.” Two kinds of credit or receipt vouchers exist:
- Cash in hand is represented by a bank credit or receipt voucher.
- A cash credit or reception voucher is a document that certifies the receipt of a check or demand draft.
- Payment/Debit Voucher
- Credit/Receipt Voucher Non-cash Voucher Supporting Voucher
