Written on Nov, 13, 2011 by in | Leave a comment

Payment voucher is prepared for all payments, made by the business firm directly or through its bankers. In all business organizations, mostly the payments are made in following manners:- Payment in cash. Payment by cheques. Payment by demand drafts or pay orders. Payment made directly by bank on behalf of the business clients. Payment also can be made by third …

Written on Nov, 13, 2011 by in | 20 Comments.

Receipt is proof of the payment made or payment received. When the goods is purchased or services are availed on credit basis, then the supplier issues the  credit invoice for that particular purchase or services rendered by him. Later on, when the payment of the same goods or services is made by the purchaser in cash or through cheque in …


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