What is a Compound Voucher?
Download our app for free and get startedPlay store
Voucher which records a transaction that entails multiple debits/ credits and one credit/ debit is called Compound Voucher. It may be debit voucher or credit voucher.
art

Download our app
and get started for free

Experience the future of education. Simply download our apps or reach out to us for more information. Let's shape the future of learning together!No signup needed.*

Similar Questions

  • 1
    If the capital of a business is ₹ 3,00,000 and liabilities are ₹ 50,000, loss ₹ 70,000, calculate the total assets of the business.
    View Solution
  • 2
    Do you think that a transaction can break the Accounting Equation?
    View Solution
  • 3
    Which transactions will:
    1. Decrease the Assets and Decrease the Capital.
    2. Increase the Assets and Increase the Liabilities.
    3. Increase the Assets and Decrease another Asset.
    4. Decrease the Assets and Decrease the Liabilities.
    View Solution
  • 4
    What is meant by “Balancing an Account"?
    View Solution
  • 5
    If total assets of a business are ₹ 10,00,000 and capital is ₹ 4,00,000, calculate creditors.
    View Solution
  • 6
    Indicate how Accounting Equation is affected if cash is received against services rendered?
    View Solution
  • 7
    What is Intangible Real Account? Give two examples of such type of accounts.
    View Solution
  • 8
    Indicate how Accounting Equation is affected if payment is made to a creditor?
    View Solution
  • 9
    Is Capital Account a Personal or Real Account and why?
    View Solution
  • 10
    A commenced his cloth business on $1^{\text {st }}$ April, $2018$ with a capital of $₹ 30,000$. On $31^{\text {st }}$ March $2019$ , his assets were worth $₹ 50,000$ and liabilities of $₹ 10,000$. Find out his closing capital and profits earned during the year.
    View Solution