What do you mean by Voucher?
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The documents prepared for the purpose of recording business transactions in the books of account are known as Vouchers.
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Similar Questions
- 1View SolutionIndicate how Accounting Equation is affected if machinery is purchased for cash?
- 2View SolutionWhat will be the effect of the following on the Accounting Equation.
- Purchased goods for ₹ 20,000 from Mahesh on Credit.
- Sold goods to Suresh costing ₹ 8,000 for ₹ 10,000 in cash.
- Paid Wages ₹ 500.
- Withdrew in cash for private use ₹ 2,000.
- Paid to creditors ₹ 5,000
- 3View SolutionHow an Accounting Voucher is prepared?
- 4View SolutionGive one advantage of Journal.
- 5View SolutionBriefly explain Credit Voucher.
- 6View SolutionProve that, “Accounting Equation holds good under all circumstances." Give atleast two illustrations.
- 7View SolutionGive two examples of Representative Personal Accounts.
- 8View SolutionWhat is Transfer Voucher?
- 9View SolutionWhy is the Journal called a book of Original entry?
- 10View SolutionWhy transactions are recorded on the basis of source documents?