Ii it contains complete details of the transaction

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(ii) It contains complete details of the transaction. (iii) It is a proof of a transaction having taken place. (iv) It is generally for a business transaction. (v) It is singned by the maker. 2. Accounting Vouchers: An Accountant has with him source or supporting vouchers for cash payments, cash receipts, invoices for credit purchases and sales. Features of Accounting Voucher: (i) It is a written document. (ii) It is prepared on the basis of evidence of the transaction. (iii) It is an analysis of a transaction. (iv) It is prepared and signed usually by an Accountant and countersigned by the authorized signatory. (v) In the case of cash/bank voucher, it is a receipt.
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39 Address: Plot No 420, Behind Shopprix Mall, Vaishali Sector 5, Ghaziabad 201010 M: 9999907099, 9818932244 O: 0120-4130999 Website: , Types of Accounting Vouchers : Accounting Vouchers are of two types, i.e., 1. Cash Vouchers; and 2. Non-Cash Vouchers or Transfer Vouchers. Let us discuss them in detail. 1. Cash Vouchers: Cash Voucher refers to the voucher prepared at the time of receipt or payment of cash and includes receipt and payment through cheques. Cash Vouchers can be of two types namely (i) Credit Voucher and (ii) Debit Voucher. (i) Credit Voucher : Credit Vouchers are prepared when cash is received. Cash may be received against (a) sales of goods, (b) sale of fixed assets, (c) sale of investments, (d) receipts from debtors and (e) withdrawal from bank, etc. (ii) Debit Voucher : Debit Vouchers are prepared when payment is made. Payment, may be made against (a) expenses, (b) purchases of goods, (c) purchase of fixed assets, (d) payment to creditors, (e) deposits into bank, (f) drawings, etc. 2. Non-Cash Vouchers or Transfer Vouchers: Non-Cash Vouchers refer to vouchers prepared for transactions not involving cash. Examples of these are Invoice or Bills, Debit and Credit Notes, etc. Non-Cash Vouchers are prepared for the transactions of credit sales, credit purchases, goods returned (both inwards and outwards), rectifying the mistakes etc. Very Short Answer Type Questions Q.1. Name any two source documents. Ans. Two source documents are: (i) Cash Memo; are (ii) Invoice. Q.2. Is ‘Cash Memo’ a source document or an Accounting Voucher ? Ans. Cash Memo is a source document prepared by the seller of goods for cash.
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40 Address: Plot No 420, Behind Shopprix Mall, Vaishali Sector 5, Ghaziabad 201010 M: 9999907099, 9818932244 O: 0120-4130999 Website: , Q.3. What is an Invoice ? Ans. Invoice is a source document prepared by the seller of goods on credit. Q.4. What do you mean by Voucher ? Ans. The documents prepared for the purpose of recording business transactions in the books of accounts are known as Vouchers. Q.5. How an Accounting Voucher is Prepared ? Ans. Accounting Voucher is prepared on the basis of source voucher after analyzing and determining accounts to be debited and credited.
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