Written on Nov, 16, 2011 by in | Leave a comment

When the material is returned to the supplier after the purchase, in that case purchase return voucher is prepared. How to Prepare Purchase Return Voucher Purchase return voucher has debit and credit sides. While making the purchase return voucher, the supplier’s account is debited and the purchase or purchase return is credited. In some countries like India, the tax charged …

Written on Nov, 16, 2011 by in | 26 Comments.

When any customer returns the goods to the seller then the seller will make the Sales Return Voucher.  Thus, the Sales Return Voucher is prepared for the following transactions:- Material returned by the customers. Rate difference against goods sold. How to Prepare Sales Return Voucher While making the sales return voucher, the sales or sales return account is debited and …

Written on Nov, 16, 2011 by in | Leave a comment

Journal voucher is prepared for the transactions which does not relate to sales, purchases, cash, bank, material returns.  Journal vouchers are prepared for the following transactions:- Opening balances Purchases of fixed assets and other assets on credit Sale of fixed assets and other assets on credit Depreciation on fixed assets. Purchase of any items relating to business expenditures on credit …

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 It means that the contra voucher is prepared in respect of the following types of transactions:- When cash is withdrawn from the bank.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 …

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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 | 2 Comments.

The dictionary meaning of voucher “is a piece of evidence or a written document serving as a proof. A paper which confirms the truth of anything, as a receipt or a certificate of correctness”. For accounts and audit purpose voucher may be defined “as a document which witnesses an entry recorded in a primary books of account. It may be …


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