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

For all the cash withdrawal from bank and cash deposits win bank, the Contra voucher is prepared. It means that the contra voucher is prepared in respect of the following types of transactions:- When cash is withdrawn from the bank. When cash is deposited in to bank. When the amount is transferred from one bank to other bank of the …

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

Receipt voucher is prepared for all the money received by the business firm. Money is received in a company for the following reasons:- Cash Sales Payment received from the customers against the dues. Advance payment from customers. Refund of securities. Payment received from creditors against the debit balance lying in their account. Receipt of any type of income i.e. interest, …

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

If any amount is credited by any business firm against which no receipt is issued then Credit Note is issued. Credit note is a support document which shows that the account of the receiver of the credit note has been credited with the amount mentioned in the credit note. The Credit note is issued in following circumstances:- When the material …

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

When the account of any party is to be debited and no cash memo or invoice can be raised for such transactions, then debit note is issued. Therefore, the Debit note is a document which shows the reason of debit entry. Debit notes are issued due to following reasons:- When the material is returned by the purchaser to the supplier …

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 …

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

When the goods are purchased or sold in cash, in that case the cash memo is prepared by the seller of goods. The contents of cash memo are same as of Invoice. Only difference is that the  Invoice is prepared for credit sale and Cash Memo is prepared for cash sales. For example, a business firm purchased some goods on …

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

An invoice is a support document which shows the details of purchase or sale of goods or services. When we purchase any goods or service, the seller of goods or the service provider raises a bill or Invoice. The Invoice contains the following particulars: Name and address of the supplier. Name and address of the purchaser. Serial Number of invoice. …

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

Support document is a proof of a business transaction which shows the authenticity of that particular transaction. We call it as source document also. The source document is the first document from where the accounting will be started. It means with out any proof, a business transaction can not be called a valid transaction. That is why, for every transaction …


Related pages


sundry in accountingsinking fund explainedcash voucher format in excelledger posting in accountingwhat is a contra entry give an examplewhat are sundries itemsday books in accountingincome from house property standard deductionincome tax calculator 2014-15 indiahow to learn accountancyfirm telugu meaningbank reconciliation entriestally erp9 bookformat for bank reconciliation statementdebtors account receivablecommuting pensionindirect expenses definition accountingwhat is difference between trial balance and balance sheetexamples of accrued incomeproprietorship firmtds on security depositrevenue received in advance journal entryexpenses meaning in tamilhow to find ledger folio number on chequesample cash receipt voucherjournal voucher meaningtds in income taxlearn tally 7.2account receivable is debtor or creditorcredit sales invoice definitionbalance sheet tutorial for beginnershow to enter contra entry in tallyjournal entries sumscheque received receipt formattrade discount accounting treatmentincome tax slab rates for ay 2013-14rate of interest on capital in partnership firmwhat is proprietorship firmtally journal entrybalance sheet tutorial for beginnerssales voucher formatcommuted meaningtrading and p&l account formatconsignee accountingerp tallyinterest debited by banktally erp 9 tutorialssinking fund accountingcash voucher format in excelincome tax slab rate for ay 2013 14 for individualerp9 tally softwaredefine journal voucherreceit meaningposting to the ledgerbank reconciliation statement easy methodaccounting voucher definitionaudit vouchingsec 80ttasundry accounting definitionbalancing of ledger accountssinking fund meansbook profit calculationsecured loan definepension commutation definitionpurchase tally softwarewhat is tally 9.0sample accounting ledgerhow to deduct tdsbrs formatsample income tax calculationtds tax payment