Q6 briefly explain cash voucher ans cash voucher is

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Q.6. Briefly explain Cash Voucher. Ans. Cash Voucher is prepared at the time of receipt or payment of cash or cheque. Q.7. Briefly explain Credit Voucher. Ans. Credit Voucher is prepared when cash is received. Q.8. What is a Pay-in-Slip ? Ans. Pay-in-Slip is a source document for having deposits made in the bank. Q.9. Define a Cheque. Ans. Cheque is a written document drawn upon a specific banker and payable on demand. Q.10. What is a debit note ? Ans. Debit Note is a document evidencing that the account of the named person is debited for the reason stated therein. Q.11. What is a Credit Note ? Ans. Credit Note is a document evidencing that the credit has been granted to the named person for the reason stated therein. Q.12. What is a Compound Voucher ? Ans. Voucher which records a transaction that entails multiple debits/credits and one credit/ debit is called Compound Voucher. It may be debit voucher or credit voucher.
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41 Address: Plot No 420, Behind Shopprix Mall, Vaishali Sector 5, Ghaziabad 201010 M: 9999907099, 9818932244 O: 0120-4130999 Website: , ACCOUNTANCY CLASS XI CHAPTER-8 JOURNAL AND LEDGER Q.1. What is journal ? Ans. It is the primary book of accounts in which transactions are first recorded in a chronological order. Q.2. What is Simple Journal ? Ans. All business transactions can be recorded in a simple journal. Q.3. What is Special Journal ? Ans. Alternatively an enterprise may use separate journals to record particular type of transactions, e.g., credit purchases may be recorded in purchases journal; credit sales, may be recorded in sales journal purchases return may be recorded in purchases return journal and so on. These journal are called Special Journals. Q.4. What are the Charactersitics of a journal ? Ans. The characteristics of a journal are :- 1. A Journal contains day-to-day transactions in a choronological order. 2. It is a book of original entry in which transactions are written before they are posted in the ledger. 3. It records both the debit and credit aspects of a transaction by using the double entry system of book keeping. 4. A Journal is a record which shows complete details of a transaction in one entry. 5. Journalising means recording a transaction in the journal and the form in which it is recorded is known as Journal Entry. Q.5. What are the forms of Journal ? Ans. The forms of journal are: 1. Date : In this column the transaction date is written.
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42 Address: Plot No 420, Behind Shopprix Mall, Vaishali Sector 5, Ghaziabad 201010 M: 9999907099, 9818932244 O: 0120-4130999 Website: , 2. Particulars : In this column to aspects of transactions are recorded i.e., the name of the two accounts affected by the transaction. The name of the account to be debited is followed by the word ‘Dr.’ written close of the left hand margin line while the name of the account to be credit proceed by the word ‘To’ is written in the next line, a little to the right. Narration, i.e., a brief description of the transaction is also written.
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